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Could 2022 be the year of the de-SPAC?
One issue the SPAC boom has recently raised is whether in the U.S. the de-SPACings (the closing of particular mergers between SPACs and their targets) are keeping up.
After all, if an exit doesn’t work, the entrance into a transactional tunnel quickly loses its utility.
Lami Ajibesin emphasized in a recent discussion with Alternatives Watch that much due diligence is accomplished before the filing, and so before the official clock starts ticking. Once the SPAC is filed, though, there are typically two years in which to de-SPAC. And as Ajibesin put it, “two years can go by very quickly.”
Read the full article from Alternatives Watch.