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Commentary

SPACs Are Here to Stay

They can fuel bubbles, but SPACs themselves are not bubbles, PitchBook finds.

The pace of new special purpose acquisition company, or SPAC, deals may seem to have slowed in the second quarter of 2021, but we believe SPACs are here to stay.

PitchBook data has seen 13 SPACs tracked so far closing between April 1 and April 15, 2021, on top of 316 in first-quarter 2021. And many more are expected.