SPAC crash forces meltdown targets to rethink strategies

By Tom Zanki (July 22, 2022, 9:19 p.m. EDT) – As the number of failed SPAC mergers rises, target companies are largely opting to stay private for now, and lawyers expect more businesses revert to traditional public listings when markets improve.

Special Purpose Acquisition Companies – or SPACs, which are alternative financing vehicles that acquire and take private companies public – face the twin headwinds of market fatigue and the prospect of tougher rules from regulators who are concerned that SPACs offer less investor protection than ordinary initial public offerings.

Thus, more merger deals have collapsed in recent months. Data provider Dealogic reports that there have been 33…

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Valerie J. Wallis