SPAC Merger Madness with 21 Deal Votes in June

SPAC investors should expect June to play out similar to how May ended -- light on-going S-1, IPO, and deal activity; pre-deal SPACs at a discount; limited IPO and deal pops; and heavy downward pressure on de-SPACs. But, the good news is that the June SPAC market is healthier than February/March's "peak SPAC" market. 

The current negative narrative around SPACs could finally change this month though as the media loses interest in the old, "bash SPACs" take and sees more investors taking advantage of the yield+optionality play. SPAC true believers know that the $10 backstop of redemptions provides downside protection that isn't available elsewhere in equities, yet still enables them capture the large equity upside. READ MORE