RIP SPACs
It wasn’t that long ago we witnessed new IPO records due to the rise of SPACs. (Wtf are SPACs?!) And yet, earlier this week, Senator Elizabeth Warren announced her plan for a SPAC bill.
Regardless of any future bills, SPACs are in a far different place than they were a year ago. Goldman Sachs announced publicly that they’re shrinking their involvement with SPACs earlier this quarter.
First crypto and NFTs, now SPACs — now what are we going to spend our money on this summer?!
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