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SPAC issuance in April has plunged 90% from its March peak, according to investor Julian Klymochko.
He attributes the slowdown to a glut of supply, a regulatory overhang, and a PIPE financing decline.
He also shares why the dip can translate into arbitrage opportunities and three SPACs on his radar.
April is indeed the cruelest month, especially for the
SPAC
market.
Despite some 308 SPACs raising a total of $100 billion this year, the proceeds raised from SPACs coming to market in April have plunged more than 90% month-over-month as of Monday, according to data shared with Insider by Accelerate Fintech.