Forbes, SeatGeek scrap SPAC plans as investors cool on blank-check mergers

A flurry of would-be SPAC deals have recently turned south, dealing a further blow to the already beaten-down market for blank-check companies.

Financial media giant Forbes and online ticketing platform SeatGeek were the latest casualties of a cooling SPAC market, with both companies revealing within a 24-hour period that they would abandon deals to go public via combinations with blank-check sponsors. READ MORE