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Forget Flying Taxis—Down-to-Earth Companies Are Now the Prime SPAC Targets



#Neglect #Flying #TaxisDowntoEarth #Firms #Prime #SPAC #Targets

Boring is healthier within the beaten-down world of SPACs proper now.

On the peak of the increase in special-purpose acquisition corporations, speculative merger targets like electric-car makers and flying-taxi startups dominated the day. However individuals who monitor and make SPAC offers say the varieties of unprofitable corporations that turned widespread amongst SPAC traders throughout the pandemic are falling out of favor.