Spac Bubble News Today

The SPAC bubble is bursting, according to Charles-Henry Monchau, CIO at Zyz: With monetary policies tightening, speculative bubbles are bursting one after the other. SPACs are no exception.

Carson Block shares what to watch amid Didi's delisting from NYSE and the sector where he has taken a rare approach to finding opportunities.

Google Maps The $100 million deli that was highlighted in famed investor David Einhorns letter to clients earlier this month is actually seeking to strike a deal. A Hong Kong-based firm that is invested in Hometown International views the company as a "mini-SPAC," seeking a merger worth up to $600 million. The multibillion-dollar endowments of Duke and Vanderbilt also own a slice of the deli, according to a Financial Times report.  . According to a Financial Times...

SPAC short-sellers were up over $500 million in mark-to-market profits over 30 days.  The increasing profits came amid a steep decline in SPAC market sentiment and performance.  S3 Partners shared the 10 most profitable wagers as skeptics sold short another $265 million shares. Short-sellers are descending on the SPAC market and making a killing out of it. Investors betting against these so-called blank-check companies were up more than ...

April 3, 2021 SPACs have so dominated Wall Street thinking this year that they are now the stuff of memes and ironic t-shirts. Thanks to their burst in popularity with celebrity and retail investors alike, more than half of companies that went public last year happened through a SPAC. But the promise of these unconventional investment vehicles—of bigger, more efficient returns on a shorter timeline than traditional IPOs—may be starting to fall short. Also termed blank-check companies, SPACs...

Investors are viewing the recent slump and volatility in SPAC names differently, and some of them have placed massive shorts on high-profile SPACs.

Us and them XLFleet is being sold on a "blue-sky" story, with exponential growth in sales estimates, Block said, justified by a $1.4 billion sales estimate in 2024 that he called "a joke." In talking to former employees, the hedge fund has found this estimate has been created using an order backlog worth $200 million, he said. "That backlog is greatly misrepresented. I mean maybe even to the point where you call it an outright lie," he said, adding: "We can extrapolate that this $1.4 billion is...