Over the past few years, special purpose acquisition corporations (SPACs) have found their way into the medtech space. These businesses — built to bring private companies public — raise initial public offerings (IPOs). They then go and acquire existing companies, taking them public in the process. The value of these mergers varies, but some in the medtech space reached the billions, demonstrating the magnitude of the deals. However, since the SPAC mergers first began to pile up, the outcomes varied quite a bit. Changing market conditions, world events and more caused the sudden rush of SPAC mergers to slow down. Some never even got off the ground. Here’s a rundown of some of the biggest SPAC deals in medtech and how they fared.
Read the full article: How Did Medtech SPAC Mergers Fare? //
Source: https://www.massdevice.com/spac-merger-trend-medtech