The Looming SPAC Meltdown
Details
- Publish Date:
- November 19, 2020
- Author(s):
-
- Gara, Antoine ,
- Haverstock, Eliza
- Source:
- Forbes
- Related Person(s):
- Related Organization(s):
Summary
It’s an offer they can’t refuse. Some 97 percent of these hedge funds redeem or sell their IPO stock before target mergers are consummated, according to a recent study of 47 SPACs by New York University Law School professor Michael Ohlrogge and Stanford Law professor Michael Klausner.
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