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SPAC Financing Hits New High Since 2021, Cryptocurrency Among Main Trading Areas
Summary: According to reports, The Kobeissi Letter stated on X platform that since November 2024, SPAC (Special Purpose Acquisition Company) founders have raised over $24 billion, surpassing the total of the previous two years. 2025 is expected to be the strongest year for SPAC performance since 2021. Recent SPAC transactions have been focused on industries such ...
According to reports, The Kobeissi Letter stated on X platform that since November 2024, SPAC (Special Purpose Acquisition Company) founders have raised over $24 billion, surpassing the total of the previous two years. 2025 is expected to be the strongest year for SPAC performance since 2021.
Recent SPAC transactions have been focused on industries such as nuclear energy, quantum computing, and cryptocurrency.
However, out of the 589 companies that went public through SPAC since January 2019, only 11% currently have stock prices higher than their original offering price. During this period, 31% of companies have gone bankrupt or been acquired, and 48% of companies have seen their market value drop by 50% to 99%.
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Link: SPAC Financing Hits New High Since 2021, Cryptocurrency Among Main Trading Areas [Copy]
