bearish
What Happened to MSP Recovery’s $33 Billion Deal?
SUMMARY
- Last year, markets were taken aback when medicare litigation firm MSP recovery announced that it was going public through a $32.6 billion SPAC merger.
- The merger with Lionheart Acquisition II was the second-largest SPAC transaction at the time and was announced at a time when SPACs were booming.
- However, the market has taken a turn for the worse since then, with SPAC sentiment at an all-time low, markets bracing for a recession, and regulators looking to clamp down on SPACs.
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