SPAC IPOs Show Time Is Money With Speedier Deal Chases
- Latest SPACs aim to find acquisition target in half the time
- Unproven dealmakers offer incentives to attract wary investors
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SPAC bosses are finding they have to speed up their deal hunt if they want to attract investors these days.
About half the blank-check companies that filed for U.S. listings since the start of June are giving themselves an initial period of 18 months or less to find an acquisition target, according to data compiled by SPAC Research. That’s a big change from earlier in the boom, when more than 80% set their duration at a standard 24 months.