SPACs are being forced to fund deals with more expensive financing, like issuing convertible bonds, due to cash from institutional investors drying up (Financial Times)

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Financial Times:
SPACs are being forced to fund deals with more expensive financing, like issuing convertible bonds, due to cash from institutional investors drying up  —  Target companies are raising debt rather than equity to push transactions over the line  —  Blank cheque companies are turning …

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