Despite certain challenges faced by SPACs in the second quarter of 2021, including a more competitive PIPE financing environment and heightened SEC scrutiny, the SPAC market remains active with more than 350 IPOs completed through the second quarter of 2021 and over $102 billion of gross proceeds raised.
Additionally, there does not appear to be a shortage of attractive de-SPAC targets, as completed transactions for the quarter totaled more than $74.6 billion of enterprise value, while another $192.8 billion of enterprise value was reflected in announced de-SPAC transactions.
