A SPAC Winter

2020 marked the year of the SPACs, and 2021 has continued with a surge in SPAC IPOs after extremely high investor appetite in the space last year. At the end of Q1 2021, SPAC deal volumes had already exceeded 2020's total, reaching about $170 billion compared to $157 billion. SPAC IPOs, proceeds and deal volumes have continued to surge higher this year, but investor appetite looks to be waning, after the most popular SPAC segment of automobiles and components has seen many names continue to tumble, some reaching far below their respective SPAC floors. Whereas the SPAC realm was a way to capitalize easily off euphoric behavior, the tide is turning into the end of the year, and a dim SPAC winter could be coming. READ MORE