Time for SPACs to swerve? 👋🏽 ➡️🚪

[Haamsaaveni (Hamsi) Kumar]

Today’s daily edition highlighted a court case in the US that has raised concerns about SPACs. Once seen as the hottest thing on the stock exchange block, current sentiments have turned for the worse. The court battle highlights the potential repercussions of a SPAC failure, if the structure is biased towards the sponsor and whether they are fairly incentivised to grow the SPAC or not.

Do you think this is just a roadblock for SPACs and that with certain cosmetic improvements, it will be back to its former glory or are the days of SPACs over?

[Author]

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