Is the SPAC boom over? Asia, US deals appear to be fizzling out

Some firms are now finding Hong Kong, left, less appealing for their Asia headquarters than Singapore, right. George Rose | Getty Images, Reuters It’s been a slow and cautious start for SPACs that launched in Hong Kong and Singapore in recent months – in stark contrast to last year’s SPAC boom in the US which … Read more

Probes, executive upheaval continue to tank SPAC-backed EV start-ups

Electric Last Mile Solutions CEO James Taylor wanted to separate his electric vehicle company by staying out of controversies that had engulfed many of his competitors. “We have no lawsuits; no management issues, that we’re aware of; we’re delivering; we’re keeping our nose clean,” the former General Motors executive told CNBC in early November, calling … Read more

The SPAC market starts 2022 with abysmal losses, abandoned deals

A trader is comforted by a coworker as they work on the floor of the New York Stock Exchange (NYSE) on March 1, 2018 in New York City. Eduardo Munoz Alvarez / Getty Images (Click here to subscribe to the new Delivering Alpha newsletter.) The oversaturated SPAC market is continuing to get crushed in the … Read more