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SPACs Get Beat Up Again SPACs are getting increasingly battered as IPOs are scarce, pre-deal SPACs fall consistently below NAV, and announced deals continue to weaken. EV SPACs got hammered as two deals closed. Author: Another rough day for SPACs as the average price for a pre-deal SPAC is now down to $9.88. SPACs with announced deals fared even worse with almost 85% trading down today.   This morning did see one M&A announcement (see below), but that brings the weeks total to just two anno...

Remember SPACs? Market Focuses on Earnings An expected quiet day in SPAC land, at least there was one deal announcement, as the market was undoubtedly more focused on big tech earnings. Author: Apr 27, 2021 Up and down day for stocks as the market was focused on mega-cap earnings reports due from the likes of MSFT, AMD, and GOOG. The tech heavy Nasdaq 100 dipped, while the S&P500 was relatively flat. Unsurprisingly, there was little mainstream attention towards SPACs today, although this mo...

The SEC is zeroing in on SPACS. Altimeter (AGC) is taking Grab public in a record breaking $40b dollar SPAC merger. SPACs with announced deals took it on the chin yesterday.

SPAC Wrap: Investors Should be Happy with a Merger-less Monday; Announced Deals Take a Hit Merger-less Monday was a bit of a surprise today, but given SPACs with announced deals took a hit, thats probably a good thing. Look for activity to pick up as the week progresses though. Author: Apr 12, 2021 Even given the otherwise sideways day in the markets (S&P up, DJIA down, Nasdaq 100 down), some investors will be a bit disappointed in the SPAC activity. No deals were announced, SPAC IPOs stayed on...

SPAC Weekly Wrap: Signs of Life in SPAC Land The SPAC market has stabilized a bit as things almost got back to normal this week. Several M&A deals were announced with some (RICE, MUDS) performing quite well. Pre-IPO activity remained light though and two were downsized. Author: Apr 9, 2021 A bit of return to normalcy this week as it feels like the low point of the SPAC market is behind us. New issues actually traded up (unlike the tail end of March) and several deals were met with investor enth...