Business
Forget flying taxis — Ordinary companies are now a major SPAC target
Now, the feeling of boredom is better in the defeated SPAC world.
At the height of the special-purpose acquisition boom, speculative merger targets like electric carmakers and flying taxi startups dominated the day. But those who monitor and conduct SPAC transactions say the types of unprofitable companies that have become popular among SPAC investors during the pandemic are falling out of favor.