The SPAC market faced more bad news in January, as speculative stocks with little earnings took a dive at the beginning of the year, in the face of rising interest rates in an oversaturated environment.
The SPAC Market Tanked at Start of 2022, Facing Major Losses
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Jay Heller, Head of IPO Execution at Nasdaq, monitors a computer screen as trading starts on Dropbox's initial public offering at Nasdaq MarketSite, in New York City on March 23, 2018. Drew Angerer/Getty Images
By Bryan Jung
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Bryan Jung
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Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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