The special purpose acquisition companies (SPACs) that rose dramatically before crashing spectacularly as the pandemic era ended are mounting a resurgence under the Trump administration . SPACs accounted for roughly a third of all new US IPOs this year, a sharp turn from the post-Covid slump triggered by a combination of increased regulatory scrutiny, rising interest rates, and the widespread skepticism that ensued. Many deals unraveled, and sponsors were forced to return capital to their

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