Don’t Count SPACs Out Yet, European Dealmakers Say 

The disappointments in the SPAC market will give rise to more disciplined buyers seeking out less risky technology companies generating real revenue, insiders say. And if VC funding remains hard to come by, it could be another attractive avenue for founders looking to raise capital, Sifted reports. 

“The post-trading performance of some will likely have left some founders sceptical of the advantage, but I do think it’s still an important source of financing they can’t rule out given there are slowdowns in other forms of financing,” says Olivier Plessis, counsel at Clifford and Chance.

Guy Potel, partner at law firm White & Case, says that though there is still appetite, future activity will depend on redemption levels stabilizing. Read more.

Source: Don’t Count SPACs Out Yet, European Dealmakers Say