I spent a ton of time this weekend writing about the DWAC / TMTG deal (part 1 on its impact on the SPAC market, part 2 on the DWAC / TMTG deal itself, and part 3 on 3 winners from the deal). In the first part, I predicted that DWAC going bonkers on deal announcement could breathe a little life into the SPAC market. I wanted to take a second to highlight and build on that point a little bit, because I’m seeing signs in the market that the SPAC market might be coming back with more than just a little life.
Overunder on SPARC becoming a thing? I think Gensler wants to improve the SPAC structure, but may have to say no / have his hands tied if it seems like SPARC approval is just to benefit bailing out PSTH
Overunder on SPARC becoming a thing? I think Gensler wants to improve the SPAC structure, but may have to say no / have his hands tied if it seems like SPARC approval is just to benefit bailing out PSTH
Great stuff. In your SPAC resarch, did you come across management that seemed to have no business to have a SPAC or even shady?