Special Purpose Acquisition Companies – 2021 Highlights
Mar 03, 2022
by Bob Bartell, CFA, Chris Janssen, Stephen Burt, Raphael (Ray) Newman, Jennifer Terrell, Mark Kwilosz, David Lu, David Lee

Tue, Aug 10, 2021
Despite certain challenges faced by SPACs in the second quarter of 2021, including a more competitive PIPE financing environment and heightened SEC scrutiny, the SPAC market remains active with more than 350 IPOs completed through the second quarter of 2021 and over $102 billion of gross proceeds raised.
Additionally, there does not appear to be a shortage of attractive de-SPAC targets, as completed transactions for the quarter totaled more than $74.6 billion of enterprise value, while another $192.8 billion of enterprise value was reflected in announced de-SPAC transactions.
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