There’s More Trouble Coming for SPACs
With half of SPACs waiting to close mergers trading below their offering price, concerns are rising over how many deals will be completed.
There’s trouble in SPAC land.
A slew of pending mergers between the Special Purpose Acquisition Companies and their targets are seemingly under attack.
Shares of at least 60 out of 128 blank check companies that agreed to a merger deal but which have not yet closed are currently trading below their usual $10 per share offering price, according to the database of stockmarketmba.com.