1 big thing: The SPAC boom hasn't guaranteed winners

Not all companies are fit to go public via SPAC, despite so many of them doing so.

Why it matters: While SPACs were quickly touted as a faster and better way for companies to go public, ultimately not all businesses that have chosen that route are meeting investor expectations.

The big picture: Nearly 200 companies have completed mergers with U.S.-listed SPACs since the beginning of 2021, across a range of sectors, including software, biotech, electric vehicles and sports betting.