Factbox: Most short-lived SPAC deals of 2022

WM Technology

10/08/2022 17:20

Aug 10 (Reuters) - Several startups have ditched their deals
with blank-check companies this year, spooked by wobbly
financial markets as the Federal Reserve tightens its monetary
policy.
    One of the hallmarks of pandemic-era deal-making, special
purpose acquisition companies, or SPACs, became hugely popular
among companies looking to list their shares by avoiding the
scrutiny and hurdles of a regular initial public offering.      
 
    Here are the 10 most short-lived SPAC deals that collapsed
in 2022:
 SPAC         Intended   Number of       Deal value
              target     days between    
                         announcement    
                         and withdrawal  
 Aesther      United     53              Undisclosed
 Healthcare   Gear &                     
 Acquisition  Assembly                   
 Corp         Inc                        
 Mudrick      Blue Nile  55              $450 mln
 Capital      Inc                        
 Acquisition                             
 Corp II                                 
 Isleworth    Cytovia    65              $325 mln
 Healthcare   Inc                        
 Acquisition                             
 Corp                                    
 Atlantic     Essentium  72              $1.14 bln
 Coastal      Inc                        
 Acquisition                             
 Corp                                    
 Fortune      VCV        79              $350 mln
 Rise         Digital                    
 Acquisition  Technolog                  
 Corp         y LLC                      
 FoxWayne     Aerami     87              $250 mln
 Enterprises  Therapeut                  
 Acquisition  ics Inc                    
 Corp                                    
 Pine         Tomorrow   90              $700 mln
 Technology   Companies                  
 Acquisition  Inc                        
 Corp                                    
 Rosecliff    Gett Inc   121             $951 mln
 Acquisition                             
 Corp I                                  
 Silver       Eleusis    140             $412 mln
 Spike        Holdings                   
 Acquisition  Ltd                        
 Corp II                                 
 Sports       Double     142             $1.32 bln
 Ventures     Negative                   
 Acquisition  Ltd                        
 Corp                                    
 Source: Dealogic

 (Reporting by Niket Nishant in Bengaluru; Editing by Anil
D'Silva)
 ((Niket.Nishant@thomsonreuters.com;))