Trendwatch: "Time, Time, Time ... It's (More Than Ever) on My Side"
Here's an interesting trend to watch: Every SPAC filed since Red Star Partners filed its $36 million China SPAC earlier this year has been filed with a possible 30-month+ deadline to find a business to buy. What's the deal with that? Why is that 2 years (yeesh) is no longer enough time to get these things done???
Well, some reasons are: hedge funds holding management over the barrel at the vote, acquisitions getting tougher to close, competition with non-vote predicated money, and founders finally realizing that they, well, sadly aren't the deal jockeys that they thought they were.
Here's an example for you to sink you teeth into: Trian Acquisition I Corp
Labels: Commentary, Trends


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