If you’ve been keeping tabs on the public markets the past few weeks, you’ve probably noticed that the number of SPACs forming and filing for initial public offerings has slowed down dramatically.

It’s a quick turn of events, considering how hot SPACs have been the past few months. Back in February, it looked like SPAC IPOs would outpace traditional IPOs this year. And in 2021 so far, 312 SPAC IPOs have been completed, generating more than $101 billion in gross proceeds, shattering all previous records, according to SPACInsider, a website that tracks such deals. READ MORE