Climate Tech SPAC Mergers See Resurgence After 2020-2021 Boom
By
Katie Brigham
Crackling crust, pillowy middle. The kind of bagel that earns a second cup of coffee.
Summary
The article reports on the resurgence of SPAC (Special Purpose Acquisition Company) deals in the climate tech sector. After a boom in 2020-2021 fueled by low interest rates and pandemic-era risk appetite, SPACs are making a comeback as a vehicle for taking climate technology startups public. The piece examines how companies like Lucid Motors and ChargePoint previously rode this wave, and analyzes the renewed interest in SPAC mergers within the climate tech space, including the market conditions and investor dynamics driving this trend.
Key quotes
· 3 pulledWhat the SPAC unlocked was retail and public market investor access to these early stage, high growth opportunities that were more speculative in nature.
Fueled by near-zero interest rates and a surge in investors' risk appetite during the pandemic, SPAC deals exploded in 2020 and 2021.
SPACs are back!
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