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SPACs Went Up, Then Down, but They’re Not Out



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The DealBook newsletter delves into a single topic or theme every weekend, providing reporting and analysis that offers a better understanding of an important issue in the news. If you don’t already receive the daily newsletter, sign up here.Back in 2015, one of my dishiest banking sources called, incredulous, with a tip about Aubrey McClendon. The disgraced energy executive, who was being sued by his own company, had found a way to raise money for a new venture: a special-purpose acquisition company, known as a SPAC for short.Rarely, if ever, had this source and I talked before about …

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