Bitdeer recently went public via a SPAC, and Chia Network is exploring an IPO
Spacs
Falling stock prices and rising interest rates have essentially frozen the market for new public listings
Arqit's filing on 14 December with the SEC said it had many 'project-based' clients with 'uneven milestone payment profiles' rather than recurring revenue
Once-hot blank-cheque firms have fallen out of favour alongside cryptocurrencies and other speculative investments
Bill Ackman said in a letter to shareholders: ‘We have been unable to consummate a transaction that both meets our investment criteria and is executable’
Blank-cheque firms accounted for majority of IPOs in 2021, but have since slowed