Source: Business Insider
Summary List PlacementAbout 150 special access acquisition companies (SPACs) are searching for a tech startup to buy at the moment, according to S&P Global Market Intelligence's 451 Research, yet since the beginning of 2020, there have only been about 80 reverse mergers completed. That's a sign that there may be more SPACs in the hunt than there are attractive startups to acquire, the research firm said. Plus, a key source of funding for SPACs has begun to dry up as well, as private equity firms have slowed their interest, Insider's Reed Alexander reports.
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