Wednesday was another positive day for SPACs despite the two announced deals being initially down. Spartacus Acquisition (TMTS) is taking NextNav public in a $900m deal. And, another 3 deal votes today.
The improving narrative is supported by stable, positive market dynamics. Don t be surprised to see retail and others getting back into SPACs if the market continues this way.
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June will be a busy month of SPAC deal votes and, likely, little other activity. But, could the narrative change if de-SPAC performance outperforms expectations?
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