SPACs face hurdles in race to close deals
January 4, 2021
Challenges are mounting for 2020's cadre of blank-check companies that seek to take hundreds of private companies public within two years.
An unprecedented glut of SPACs has forced dealmakers to trim their easy profits and strained some of the market's largest financiers. Meanwhile, Wall Street's latest craze has also attracted a growing crowd of short sellers and other critics.
An unprecedented glut of SPACs has forced dealmakers to trim their easy profits and strained some of the market's largest financiers. Meanwhile, Wall Street's latest craze has also attracted a growing crowd of short sellers and other critics.