SPAC market sentiment is about as low as it has been in quite some time. Jim Cramer s latest SPAC related tweet and the continuing, elevated redemption rates are just two signs.
The SPAC market is weakening alongside the broader market as IPOs are struggling to hold NAV, deSPACs are dropping, warrants are dropping and the press is back with a negative narrative.
Richard Branson s second SPAC is taking Grove Collaborative public. dMY has another feather in its cap as DMYQ changed to PL and surged its first day on the NYSE. Oh, and DWAC surged again, up 28%.