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Great SPAC crash of 2022 deepens as investors cash out in droves

The latest headache for the blank-check industry is a potential 1% excise levy that could hit stock repurchases and buybacks as part of President Joe Biden’s Inflation Reduction Act.

Great SPAC Crash of 2022 Deepens as Investors Cash Out in Droves

The great SPAC crash is closing out the year in dramatic fashion as more shareholders prepare to cash out of the speculative-investing industry for good.

Great SPAC Crash of 2022 Deepens as Investors Cash Out in Droves

At least 32 SPACs holding roughly $18 billion are looking to close up shop and return capital over the coming 2 1/2 weeks.

Great SPAC Crash of 2022 Deepens as Investors Cash Out in Droves

Great SPAC Crash of 2022 Deepens as Investors Cash Out in Droves
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