Along with the hundreds of announced SPAC mergers and closed deals in 2021 came a handful of SPAC deals that were terminated. Here’s a look at what it means for the SPACs that called off mergers.
What Happened
SPACs can terminate deals for numerous reasons including a change in valuation sentiment, missing deadlines, or news items coming from the acquisition target.When SPACs call off deals, they lose the time and money spent to research and attempt to close a deal. The termination also sends the team back to the drawing board to try and find a new acquisition target.
