SPAC financing reached a new high since 2021, with cryptocurrency being one of the main trading areas

ChainCatcher news, The Kobeissi Letter posted on the X platform that since 2024, SPAC (Special Purpose Acquisition Company) founders have raised over $24 billion, exceeding the total of the previous two years. 2025 is expected to be the strongest year for SPAC performance since 2021. Recently, most SPAC transactions have focused on the nuclear energy, quantum computing, and cryptocurrency industries.

However, among the 589 companies that went public via SPAC since 2019, only 11% currently have stock prices above their original issue price. During this period, 31% of the companies have gone bankrupt or been acquired, and 48% of the companies have seen their market value decline by 50% to 99%.