Article

The Canadian SPAC market has seen 28 IPOs, with none trading above their initial prices. Companies like Lion Electric and Li-Cycle have faced bankruptcy, leading to substantial losses for investors. Experts highlight misaligned incentives and regulatory shortcomings as contributing factors. While some firms, such as Sagicor Financial, show promise, many companies entering through SPACs have struggled, prompting a reevaluation of this investment vehicle's viability.