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SPAC Promoters Lost $1B+ in 2022, and there’s More Pain to Come
/ Markets, Stocks

SPAC Promoters Lost $1B+ in 2022, and there’s More Pain to Come

Recessionary outlook and new tax burden triggers record SPAC liquidations in December.

December 27, 2022
$9B Merger of Thiel-Backed Bullish With Far Peak SPAC Falls Through

$9B Merger of Thiel-Backed Bullish With Far Peak SPAC Falls Through

Bullish announced today that it had terminated its agreement with Far Peak SPAC.

December 22, 2022
Circle and Concord Agree to End the $9B SPAC Deal

Circle and Concord Agree to End the $9B SPAC Deal

Circle ended its $9 billion SPAC deal with Concord as a result of a mutual agreement. The company still plans for a potential public listing in the future.

December 05, 2022
FTX Donated $1M to a Republican SPAC Two Weeks Before Bankruptcy

FTX Donated $1M to a Republican SPAC Two Weeks Before Bankruptcy

FTX US spent $1 million on a donation to a super PAC just weeks before filing for bankruptcy.

November 25, 2022
Circle’s $9B SPAC Deal Delayed to January 2023: Report

Circle’s $9B SPAC Deal Delayed to January 2023: Report

Circle's $9 billion SPAC merger with Concord Acquisition Corp. got delayed once again until January 2023 due to procedural issues.

November 01, 2022