Untethered SPACs are Rushing to Merge Before Their Founders Lose Money

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Just about 300 SPACs have to find a company to merge with in the next three quarters or their investors risk losing money they put in, according to figures from data provider SPAC Research seen by The Wall Street Journal. The problem: SPACs, trendy in public markets just a year ago, are practically toxic now.

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Source Fool.com