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SPACs Collapse as $11 Billion of Deals Are Called Off Within an Hour

(Bloomberg) -- One of the SPAC industry’s most well-known sponsors and a would-be serial backer have seen deals worth $10.6 billion go up in smoke in less than an hour.Most Read from Bloomberg‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks ConcernStocks Hit by Fed-Hike Worries as Bond Yields Jump: Markets WrapAmbitious Plans to Build Indonesia a Brand New Capital City Are Falling ApartChina’s Covid Pivot Accelerates as Cities Ease Testing RulesElon Musk’s Impossible Electric Truc
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