Thornburg Investment Management Co-Head of Investments Ben Kirby in Chief Investor Officer Magazine

Buyout Deadlines: Hundreds of SPACs Face Shutdowns if They Can’t Deliver

The mauled blank check funds have a ticking clock: Deliver promised acquisitions or be liquidated.

Blank check companies may end up overdrawn. Hundreds of them confront a tsunami of deadlines, starting later this year. If they can’t deliver on their promises of making pledged acquisitions, a bunch of them face liquidation.

Read more here.