David Weidner at MarketWatch Predicts the End of "SPAC Fever", Compares SPAC Backlog to Halloween Hangover

David Weidner at MarketWatch has a forward looking analysis of the "companies, people and events" to shape the markets over the next few months, including SPACs:

"SPACs, or special purpose acquisition vehicles or blank check initial public offerings. These private equity companies wrapped up in an initial public offering have fueled the equity underwriting markets, but like a kid eating candy on Halloween, the markets are ready to hurl. There were 70 of these SPACs registered through April 14, according to The Deal. Many existing SPACs are folding because they can't find good companies to buy or they've met their deadline or both. SPACs made up 88% of the IPO backlog through March 25, according to Dealogic. This looks like the end for SPAC fever and who's going to pay the price? Citigroup, of course, the leading underwriter of SPAC deals."

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