Circle and Footprint’s aborted debuts are the final nail in the SPAC coffin
It would be nice to say that we’ll miss SPACs. But as blank-check companies fade from our view, we have to say we really won’t. Many companies that went public via a SPAC, or special purpose acquisition company, have seen their valuations implode post-combination. The resulting public-market mess meant that regular investors, not merely the … Read more