tl;dr: #SPACs only make the folks running the SPAC money, and not shareholders in the SPAC

SPAC Math No Longer Adds Up - Bloomberg https://www.bloomberg.com/opinion/articles/2023-01-09/spac-math-no-longer-adds-up

SPAC Math No Longer Adds Up

Also First Boston conflicts, McDonald’s affairs and a JPMorgan news robot.

Bloomberg