Short positions in cannabis stocks have fallen this year, but stock price losses in the sector pile up on lack of U.S. legalization and weak Canadian markets. Read More...
MarketWatch
The SPACsplosion is about to become a liquidation frenzy — and that may be for the best
As the SPAC boom was beginning to rage two years ago, this column asked why in the world any company would want to be acquired by a former chief executive best known for executing one of the worst acquisitions in Silicon Valley history. The answer, it turns out, was that no company wanted to be acquired by Leo Apotheker’s Burgundy Technology Acquisition Corp., at least not at a reasonable price. Burgundy ended up liquidating in March, a fate that may await any number of the hundreds of special-purpose acquisition companies, blank-check vehicles known as SPACs that became a home for billions of dollars during the COVID-19 pandemic.
