The start of 2025 has seen an uptick in special purpose acquisition company (SPAC) initial public offering (IPO) activity in the United States as the broader market grapples with political and economic volatility and traditional IPOs remain on hold. US-listed SPACs are reemerging as an alternative route to the public markets after hitting record peaks in 2020 and 2021—and then falling precipitously. SPACs, for the uninitiated, are listed acquisition vehicles that identify target companies to acquire and fund, thus bringing a company to the public market quickly and without the usual IPO process. If past is prologue, Nasdaq- and NYSE listed SPACs will look to Canadian companies as potential targets.
Source: What Does the SPAC IPO Rebound Mean for Cross-Border Deals?