Axios recently posted that SPAC winter has arrived. Here's a taste:SPAC enthusiasm is slowing, as evidenced by rising redemption rates.Higher redemption rates mean that investors are skeptical of the market and the deals — choosing to pull their money instead of risking losses if the stock price dives.In July, the majority of SPAC deals saw redemption rates north of 50%.
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Bursts of Color - SPAC Winds of Winter
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Axios recently posted that SPAC winter has arrived. Here's a taste:SPAC enthusiasm is slowing, as evidenced by rising redemption rates.Higher redemption rates mean that investors are skeptical of the market and the deals — choosing to pull their money instead of risking losses if the stock price dives.In July, the majority of SPAC deals saw redemption rates north of 50%.