SPAC Returns

JPM analysed 98 SPAC deals that closed or liquidated from Jan 2019 to March 2021.
It isn’t a pretty picture – “while SPAC sponsors and “SPAC Arbitrage” investors are still making money, it’s an unsightly picture for everyone else in the SPAC ecosystem“.
Things didn’t get any better for the 85 SPAC mergers since March 2021 – the same patterns hold.
This was a great post looking at the crazy things going on recently in the SPAC world.