Wall Street’s affair with blank-check firms, the finance fad that pushed companies onto the stock market during the Covid-19 pandemic, ended this year with a string of big bankruptcies and even bigger losses for shareholders.
Tag: SPAC failures
SPACs Are Warning They May Go Bust
The SPAC boom brought a flood of companies to the public markets, promising investors years of rapid growth and profits. Many of these companies are already warning that they may fail two years after the boom began. According to Audit Analytics, at least 25 companies that merged with special-purpose acquisition companies between 2020 and 2021… Continue reading SPACs Are Warning They May Go Bust