Technology
Analysis: at least eight companies that went public via SPACs filed for bankruptcy since June 2022, almost 100 are spending unsustainably, and 73 trade below $1 (Bloomberg)
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Bloomberg:
Analysis: at least eight companies that went public via SPACs filed for bankruptcy since June 2022, almost 100 are spending unsustainably, and 73 trade below $1 — 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.
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