A reckoning for Spacs: will regulators deflate the boom?
Kick start your day with a 15-min audio story that challenges and inspires your mind. Listen to expert voices across Technology, Business, Psychology and Health — bringing you new perspectives, insights and ideas. Released every Monday to Friday, we’ll help you practice curiosity and open-mindedness as part of your daily routine. Today's pick: The future is looking bleak for the once exciting investment prospect. In the past year, special acquisition companies (or SPACs) have raised a staggering $142bn pool of capital. But this trend may be on a downward turn. In this detailed insight into the world of blank check companies, Miles Kruppa and Ortenca Aliaj explore why the US Securities and Exchange Commission’s concerns about the market, including optimistic projections and celebrity endorsements, mean that SPACs are losing their appeal. And that’s not the only challenge facing them.
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