Thanks to Trump and tariffs, spacs make 9 billion US dollars comeback

Spacs (Special Purpose Acquisition Companies) achieve a comeback under the Trump management.

Spacs, also known as a blank check company, were once a popular, albeit controversial opportunity for companies to go to the stock exchange.

As a Financial Times (FT) reported On Sunday (May 18) Spacs have recently recorded a revival. This year, 44 SPAC offers of 9 billion US dollars were collected, compared to 57 companies that collected 9.6 billion dollars in the entire total of 2024.

The report also changes the landscape for SPAC consultants. In 2021, bank giants like Credit SuissePresent Citi And German bank were some of the most busy Spac consultants. Now the sector of less well -known outfits such as Cohen & Company Capital MarketsPresent D. Boral CapitalPresent Clear road And Maximum group.

In 2021, around 600 US companies collected a record of 163 billion US dollars in the Blanko Check -Fräulein. The fever broke out when the global shares rose as interest rates in 2022.

The listing method also attracted the attention of the supervisory authorities with the Securities and Exchange Commission (SEC) – under the leadership of the former chairman Gary Gensler – the rules for fusions of companies with listed spacs for standard exchangesthe report added.

However, investors expect more forbearance as part of the SEC of the SEC new chairPaul Atkins, who was nominated by Trump.

Among companies that plan to go to the stock exchange via SPAC 3.6 billion US dollars blankscheck handling. The company is directed by Brandon Lutnick, the son of the trade secretary Howard Lutnick.

“Since the Gensler era there has been a reorganization of the cover chairs” Matthew MichelFounder and managing director at Investorlink Capital Marketssaid the ft.

“When the SEC Spac aimed by creating an unsafe regulatory environment, the big banks set off around their SPAC origination,” said Michel. “This shift has deleted the way for smaller players to fill the gap.”

The report stated that the Trump administration also paved the way for the revival of the Spac resuscitation in another way: by introducing tariffs that shake the stock markets and prompted some companies to do so Remember your IPO plans.

“2025 should be that Year of the IPO“, Said Brandon Sun, Head of Spac Investment Banking at Cohen & Company.” In view of the volatility that results from Trump's tariff policy, these hopes were destroyed and crushed. The opportunity for Spacs is quite incredible. “

“IPOs are not the goal, but they are a massive moment of capital formation,” said QED investor partner Amias Gerety in an interview with Pymns last month.

“It enables companies that go public and enables them to be aggressiveTo acquire companies, stop more and reduce their capital costs. All of these advantages disappear. “