Special purpose acquisition companies targeting startups to take public have not gone away. On the contrary, more than 500 SPACs are currently searching for targets across all sectors. But in almost all cases, SPACs that have completed mergers with transportation companies are performing more like risky investments than they did in 2020.
What happened?
FreightWaves spoke on background to SPAC experts who agreed to share insights without attribution. They laid out several reasons for the...
https://www.freightwaves.com/news/what-made-the-froth-in-transportation-spacs-go-flat