Daily Archives: December 26, 2022, 10:41 am

SPAC Boom Ends in Frenzy of Liquidation – WSJ

During the boom in blank-check companies, their creators couldn’t launch them fast enough. Now they are rushing to liquidate their creations before the end of the year, marking an ugly conclusion to the SPAC frenzy. With few prospects for deals soon and a surprise tax bill looming next year, special-purpose acquisition companies are closing at a rate of about four…

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