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SPAC Investors Are Eyeing New Targets: Good Companies That Grow

  • Less than 10% of recent de-SPACs topped S&P 500 in past year
  • Platform stocks show how SPACs can build businesses: Etalon

The SPAC market is off to a brutal start to 2022, but a few bright spots with key similarities may point to a way out of the morass -- find solid businesses with room to grow.

HighPeak Energy Inc., an oil and gas company, has doubled over the past year as crude prices surged. Warehouse automation firm Symbotic Inc.’s rally makes it the best performer among firms that went public by merging with a special-purpose acquisition company this year. And WillScot Mobile Mini Holdings Corp. analysts remain overwhelmingly optimistic on its outlook even after it tripled since its 2017 debut.