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SPACs are in a slump but this Aerospace-focused company sees an opportunity

Posted on AllSides April 12th, 2024
From The Center

Experts agree the IPO market is heating up but one segment of it is being left in the cold: Special Purpose Acquisition Companies of SPACs, which are publicly-traded shell companies with a mandate to acquire a private firm. SPACs provide a back door of sorts to the public markets and, while they were wildly popular in 2021, the model is now languishing as SPACs accounted for only 6.3% of the $8.4 billion raised by IPOs in the first quarter of 2024. A Q1 2024 Quarterly Review also shows SPACs in...

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