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The SPAC-lash is here.
So remember the craze for SPACs, an alternative way to take a company public? The times, they have a-changed: the SPAC King of Silicon Valley, Chamath Palihapitiya, couldn’t find acquisition targets for two of his piles of cash. One of them, Social Capital Hedosophia VI, is the largest-ever SPAC.
SPAC King Palihapitiya Shutters Two SPACs as Deal Hunt Fails
[Bloomberg.com]
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