Kroll's "Special Purpose Acquisition Companies – Half Year 2023 Highlights" report identifies trends and provide insights across the SPAC market, focusing on key themes, issues and opportunities.
SPACs are facing many challenges, including disappointing performance by newly de-SPACed companies, SEC scrutiny, an uncertain economic outlook, and rising interest rates. The SPAC market experienced a 76% decline in IPOs in the first half of 2023 compared to the first half of 2022 and a record number of liquidations during the period.
