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De-SPACs Aren't as Bad as You Think SPACs and De-SPACs continue to get a bad rap as media points to "% off all-time highs." Investors who look deeper will see opportunity as most are providing positive returns since IPO. Author: The Media Paints a Bleaker Picture than Reality Axios put out a bit today discussing how EV stocks have lost their luster. Yes, it's true, that SPAC EV stocks are down demonstrably from their ridiculous highs. SPACs were frothy, and the highs that these companies hit were a product of a combination of Peak SPAC and EV euphoria, and not necessarily rational market beha...

With the SoFi vote in the rearview focus turns to execution, and will IPOD/IPOF find deals soon? Today's mergers, PACX and LWAC, rose slightly.

SPAC IPOs Mixed, DCRN Deal Slightly Rises, IPOE/SoFi Up Next IPOE fell ahead of its vote tomorrow, while DCRN rose slightly on its deal with Tritium. Of today's SPAC IPOs: 1 rose, and 2 fell. Author: This morning Decarbonization Plus II (DCRN) announced a deal to take Tritium, an Australian EV charge company, public in a $1.4B SPAC deal. The deal has no PIPE and they currently have $403M in trust. The market was, somewhat, pleased with the deal as DCRN rose modestly +1.4%, though it still trades at a sizable discount to NAV at $9.79. This represents a potential ~6% yield opportunity if you ...

SPACs were generally flat on Tuesday, with the average pre-deal SPAC still trading at $9.80. A bonus afternoon M&A deal brought the day's total to 3.

SPACs Close Down Again on a Sleepy Friday SPACs closed down on the day again, with the average pre-deal SPAC trading at $9.80. No new deals today, with just 4 announced on the week. Author: ** It's definitely been a sad May for SPACS with little good news to get investors excited. That being said, we continue to reiterate our view that the slowdown is positive for the longterm health of the broader SPAC market.  Little activity today with no new mergers getting announced, and just one new IPO traded with Graf Acquisition Corp. closing down 0.7%. SPACs slid lower, once again, and the averag...