As Deadlines Loom, SPACs Strike Array of Pacts With Health Firms

Deal-needy SPACs have struck a series of pacts to take small health-care companies public as they race against the clock to avoid the risk of forfeiting the money they raised.

“As the deadline approaches, the sponsors are saying a deal is better than no deal, even if it’s something where they don’t have an obvious expertise in the industry,” said Cordell Eminent Scholar Jay Ritter. 

Read more in this story from Bloomberg.