The SPAC IPO market has faced a number of challenges recently, including SEC scrutiny, disappointing performance by SPAC-acquired firms, an uncertain economic outlook, and rising interest rates, according to financial and risk advisory firm Kroll.
Between 2021 and 2022, there was an over 85% reduction in the number of SPAC listings, according to law firm Paul Hastings. The downward trend continued in 2023, with such listings decreasing by nearly an additional two-thirds. READ MORE