{"id":82899,"date":"2022-10-20T00:22:25","date_gmt":"2022-10-20T04:22:25","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=82899"},"modified":"2022-10-20T00:22:02","modified_gmt":"2022-10-20T04:22:02","slug":"spac-liquidations-top-12-billion-this-year-as-sponsors-grapple-with-tough-market-new-buyback-tax","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2022\/spac-liquidations-top-12-billion-this-year-as-sponsors-grapple-with-tough-market-new-buyback-tax.html","title":{"rendered":"SPAC liquidations top $12 billion this year as sponsors grapple with tough market, new buyback tax"},"content":{"rendered":"\n<p>(CNBC) A new buyback tax has motivated more and more SPAC sponsors to close up shop before the year-end, adding another headwind to the blank-check space already roiled by a tough market environment. A total of 27 SPAC deals, worth $12.8 billion, have been liquidated this year, according to  data from SPAC Research. Under the new provision in the Inflation Reduction Act, SPAC sponsors could face a 1% exercise tax if they return cash to investors starting in 2023.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/10\/19\/spac-liquidations-top-12-billion-this-year-as-sponsors-grapple-with-tough-market-new-buyback-tax.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) A new buyback tax has motivated more and more SPAC sponsors to close up shop before the year-end, adding another headwind to the blank-check space already roiled by a tough market environment. A total of 27 SPAC deals, worth [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82899","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=82899"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82899\/revisions"}],"predecessor-version":[{"id":82900,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82899\/revisions\/82900"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=82899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=82899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=82899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}