Buyout Deadlines: Hundreds of SPACs Face Shutdowns if They Can’t Deliver
The mauled blank check funds have a ticking clock: Deliver promised acquisitions or be liquidated.
The mauled blank check funds have a ticking clock: Deliver promised acquisitions or be liquidated.
Ever since the SEC’s spring crackdown, these once-popular investments have wilted. But their excesses are being leached away.