From 2019 into 2021 specific SPACs were among the top investments, looking to bring exciting, elusive growth companies to market and offering their sponsors handsomely in the process. 

Irrespective of whether a SPAC liquidates or participates on a deal or votes to extend, you must have a choice to redeem and receive the value held in trust.

However, recent movements in the interest rates can build opportunities. 

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One current unexpected risk of the SPAC is the recent buyback tax which is a segment of the Inflation Reduction Act.

The buyback tax can dent returns for people looking at SPACs as a stable income type investment. 

Therefore, the boom of SPAC in the previous years is clearly over.