SPACs are turning to costly new tactics to keep investors from jumping ship as market confidence wanes in the once red-hot alternative to IPOs.
Less than three months into 2022, 13 mergers involving special purpose acquisition companies have already fallen through in the United States, according to data from industry tracker SPAC Research. That compares with a total of 18 in the whole of 2021.
In money terms, almost $9.5 billion worth of mergers have been canned this year, according to Dealogic data.
Read more: Reuters
