SPAC financing reached a new high since 2021, with Crypto Assets being one of the main trading areas.

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Odaily News The Kobeissi Letter stated on the X platform that since November 2024, SPAC (special purpose acquisition company) founders have raised over 24 billion USD, surpassing the total from the previous two years. 2025 is expected to be the strongest year for SPAC performance since 2021. Recently, most SPAC transactions have concentrated in the nuclear energy, Quantum Computing, and Crypto Assets industries. However, among the 589 companies that went public through SPAC since January 2019, only 11% currently have stock prices above their original issuance price. During this period, 31% of companies have gone bankrupt or been acquired, and 48% of companies have seen their market capitalization decline by 50% to 99%.

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