Thursday, August 18, 2022

SPAC Activity in July Reached the Lowest Levels in Five Years: No activity!

Is the economy in a recession? Depends on the data! Are SPACS just a fleeting financial phenomenon or is there more behind it? Time will tell!

"The shell companies, which raise money from investors and merge with private companies to take them public, were a once-hot investment. None raised money last month. None came to market last month, and only a few did so in August—a fraction of last year’s record pace."

SPAC Activity in July Reached the Lowest Levels in Five Years - WSJ



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