SPAC Deal Pressure Building
Expect slow SPAC deal flow through May, but then get ready as deal pressure builds massively with peak SPAC IPOs aging quickly and facing fierce competition.
Author:
Apr 27, 2021
It was another quiet SPAC Monday yesterday and SPAC investors are still waiting for positive news to trigger some excitement. The
CCIV / Luicd surge (up +16% on Apple rumors) is a sideshow to the type of big tent event(s) that will be needed to re-ignite enthusiasm.
Investors will also not like seeing announced deals continue to have the air slowly leak out post deal announcements.
CM Life Sciences II (CMII - SomaLogic),
SPAC Stock Ideas for Friday (and Beware the SPAC Short Sellers)
It may not feel like it, but the SPAC market may be on track to become healthier than ever. It s yield + optionality for the win. But, be careful as the field hasn t cleared yet and short sellers will make life hard for the SPACs and investors who buy into overly hyped financials and technology.
Author:
Yesterday s SPAC deal announcements were met with a tepid response by the market.
D8 (DEH) was only up 0.9% to $10.07 on news of its deal to merge with Vicarious Surgical and
Consonance-HFW Acquisition Corp (CHFW)
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/PRNewswire/ Itiquira Acquisition Corp. (the "Company") announced today the closing of its initial public offering of 23,000,000 units at a price of $10.00.