ANALYSIS: YTD Post-Merger SPAC Performance Is Mostly Negative

As we approach the midyear mark, we are checking back in on the market performance of de-SPACed entities—the formerly private companies that have recently gone public by merging with a special purpose acquisition company. In February, things looked mixed, but we really can’t say that now.

Year-to-date, most post-merger U.S. SPACs are not performing well. Two-thirds of the 36 currently publicly traded de-SPACed U.S. companies that were taken over by U.S. SPACs that went public on or after Jan. 1, 2019, and whose de-SPAC transactions were announced and completed since Jan. 1, 2019, and for which at least one ...