Eyona Ezintsha I-SPAC Bubble Pops: Iidili zilahla iipesenti ezingama-90 ngo-Epreli Emva kwesilumkiso seC SEC

I-SPAC Bubble Pops: Iidili zilahla iipesenti ezingama-90 ngo-Epreli Emva kwesilumkiso seC SEC

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Izivumelwano ze-SPAC zehla ngokukhawuleza ngo-Epreli.UJOHANNES EISELE / AFP ngokusebenzisa imifanekiso kaGetty



Iinkampani ezizodwa zokufumana iinjongo, okanye ii-SPACs, ezinyusa imali kwintengiso yoluntu ngenjongo yokufumana inkampani yabucala kwaye ziyise esidlangalaleni, yaba sisithandwa seWall Street ngexesha lobhubhane we-COVID-19. Ngo-2020, iinkampani ezingama-248 zaya esidlangalaleni ngokudityaniswa kwee-SPACs, ngokwe Idatha ye-SPAC , elingaphezulu kwenani leentengiselwano kwiminyaka elishumi engaphambili idityanisiwe.

Umkhwa uqhubeke waya kwi-2021. Kwikota yokuqala kuphela, kufakwe i-300 ye-SPAC yokudityaniswa. Nangona kunjalo, ukukhutshwa kuye kwema ngesiquphe ngo-Epreli, ngeentengiso ezili-10 kuphela ezibhengeziweyo kule nyanga ukuza kuthi ga ngoku, ukwehla ngeepesenti ezingama-90 ukusukela ngoMatshi, ngokweenkcukacha ezivela Uphando lwe-SPAC .

Ixabiso lentengiso lilonke lokudityaniswa kwe-SPAC liwile ngokunjalo. I-CNBC ye-SPAC Post Deal Index , ebandakanya ezona SPACs zinkulu (esele zibhengeze ithagethi okanye zigqibe ukudityaniswa) kule minyaka mibini idlulileyo, yehle ngaphezulu kweepesenti ezingama-20 ukuza kuthi ga ngoku.

Ukwehla yinxalenye yempendulo yentengiso kuqhekezo lomthetho oluzayo kwisithuba esitshisa kakhulu se-SPAC. Kwiveki ephelileyo, iKhomishini yoKhuseleko noTshintshiselwano ikhuphe isikhokelo sobalo-mali esiza kuthi sichaze iimvume ze-SPAC njengamatyala endaweni yobulungisa. Kuyafana nokukhetha umnxeba, iziqinisekiso zinika abatyali mali ilungelo lokuthenga izabelo zenkampani kwixesha elizayo ngexabiso elichaziweyo. Xa amaxabiso ezabelo enyuka, abatyali mali banokufumana inzuzo ngokukhawuleza ngokusebenzisa iimvume zabo.

Ngelixa isikhokelo se-SEC singachaphazeli ukusebenza kweshishini, ukuba iba ngumthetho ezinye ii-SPACs kuya kufuneka zibuyele umva kwaye ziphindaphinde iziphumo zazo zezemali kwi-akhawunti efanelekileyo yemvume, enokuthi icothise inkqubo ye-IPO. Impembelelo iya kuxhomekeka kwinani lezinto, ezinje ngokuba inkampani ikwimeko yobomi yokudityaniswa kwe-SPAC kunye nemigaqo ethile yeziqinisekiso.

Iziqinisekiso ziyinto eqhelekileyo kwizivumelwano ze-SPAC. Xa kukhutshwa isikhokelo i-SEC ithi inenkxalabo yokuba lo ngumba obanzi kunokuba ibe yinkampani enye okanye ezimbini, utshilo uBrendan Quigley, iqabane lokuqinisekisa ukuthotyelwa kwezokhuseleko kwezomthetho i-Baker Botts kunye nomtshutshisi owayesakuba ngumdibaniselwano weSithili seMazantsi. ICandelo lezoKhuseleko kunye neRhwebo loRhwebo laseNew York.

Isilumkiso sithumela ukubanda kwabanye babatyali mali abakhulu be-SPAC. Le meko ye-SPAC izophela kakubi kwaye ishiye amaxhoba amaninzi, uPaul Marshall, umseki-mbambisene we-hedge fund enkulu uMarshall Wace uxelele iBloomberg kule veki. Ifemi ine- $ 1 yezigidigidi zokubhengeza kwii-SPACs nge- $ 21 yezigidigidi ze-Eureka hedge fund.

UQuigley akanathemba. Ingcinga ye-SPAC ilungile. Ngokwesiqhelo ngexesha lokubulawa apho kuvela iingxaki, uxelele uMbonisi. Kunzima ukucinga ukuba i-SPAC [mkhuba] ikhawuleza ngakumbi kunangaphambili. Kodwa kwangaxeshanye andicingi ukuba lo mbandela wewaranti ngokwawo uza kubangela ukuyeka kwizivumelwano ze-SPAC. Iinkampani ziya kwenza uvavanyo olufanelekileyo, zenze oko kufuneka zikwenzile, kwaye ziqhubeke.

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