2021 is off to a big start for SPAC mergers. A record number of publicly traded special purpose acquisition companies entered into definitive agreements to take over private targets in February.
The 42 SPAC takeover deals announced last month that are either completed or currently pending and that involve SPACs that have gone public since Jan. 1, 2019 represent the highest monthly total of these SPAC M&A deals in the past year and they double the deal counts seen in even the SPAC-mania months of late 2020.
The 42 deals announced in February had an aggregate value of $30.79 billion, ...