The SPAC boom is officially a thing of the past.
Not a single special purpose acquisition company was issued in July as the market slowdown turned into a screeching halt, according to CNBC calculations of SPAC Research data. Sponsors who once took advantage of a hot market were forced to pause as investor interest waned and regulatory pressure ramped up.
Source: SPAC market hits a wall as issuance dries up and valuation bubble bursts
