The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales

At least eight businesses that went public through mergers with “blank-check” companies have sought protection from creditors.

It took only 10 months for Quanergy Systems Inc., a maker of high-tech sensors and software, to go from its stock market debut to filing for bankruptcy. Fast Radius Inc., a 3D-printing company, made it nine months. Online retail startup Enjoy Technology Inc. lasted eight-and-a-half months before it filed… Read Full Article