Home / Finance / SPAC liquidations top $12 billion this year as sponsors grapple with tough market, new buyback tax

SPAC liquidations top $12 billion this year as sponsors grapple with tough market, new buyback tax

October 20, 2022 Finance

Under the new provision in the Inflation Reduction Act, SPAC sponsors could face a 1% exercise tax if they return cash to investors starting 2023.

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