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SPAC issuance jumps to the highest since March as deals rush to market before year-end
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cnbc.comThe SPAC market could be staging a comeback with issuance hitting an eight-month high as the industry continues to ride out regulatory challenges.
A total of 57 special purpose acquisition companies began trading in October, the highest amount since March when a record of 109 SPACs were issued, according to CNBC calculations. The number of new deals in October nearly doubled that in September and was also higher than the total during the same time last year, the data showed.
The rebound came as a backlog of blank-check deals held up by accounting and other regulatory issues rushed to the market before the year ends. The Securities and Exchange Commission in April issued new accounting guidance on SPAC warrants that required sponsors to
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