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Market Monitor SPACs in retreat
SPACs in
● After the gold rush ● Reverber
PART TWO
AFTER THE GOLD RUSH
Market commentators appear to agre that following an unprecedented leve activity in the first two months of the investment in SPACs is now being see having gotten slightly ahead of itself .
“ Investors are digesting the many d they invested in during that period , si to what happened in November and December 2020 , when the market slo after extremely high levels of activity the previous months ,” says Ari Edelm partner at law firm Reed Smith in New
“ In addition , the stock prices of som the pre-revenue companies that wen last year via SPAC mergers have rece been underperforming , which has im the ability and interest of investors to in new deals until stock prices improv
The enthusiasm at the end of 2020 going into this year was partially drive institutions , which in part were attract to the underperforming nature of oth classes . To an extent , that flow has no reversed and there is more wariness those that would be the natural targe PIPE investment .
A contributory factor is the interven by the US Securities and Exchange Commission ( SEC ). In a statement in e April , John Coates , the acting directo
iGB Market Monitor