2022 has seen an oversaturated SPAC market launching fewer new issues as speculative stocks have fallen with higher interest rates. Additionally, a number of deals have been abandoned altogether.The January tech-driven sell-off disproportionately impacted companies that went public via blank-check mergers, leading to a consensus that the SPAC bubble has burst.
The SPAC Market Starts 2022 With Abysmal Losses, Abandoned Deals
