SPAC Weekly Wrap: Stock Issuance Grinds to a Halt. Time for Deals In a dramatic reversal of the last few months, the SPAC IPO market essentially closed this week as only 2 IPOs priced and just a handful of new S-1s. Author: Apr 2, 2021 The week ends on a quiet note as the stock market was closed for Good Friday. Looking back, this week might be remembered as the moment when the SPAC market exuberance finally caught up to itself, and the market really cooled off. All this week we've been noting how issuance has slowed and SPACs are routinely trading weaker.