SeatGeek ticketing platforms and Forbes Global Media Holdings Inc. the media ended its mergers with white check companies on Wednesday, highlighting the challenges of making the company public in this year’s stock market riots.
SeatGeek and Forbes became the last companies to complete combinations with special purpose purchasing companies or SPACs, when many investors had a hot alternative to traditional initial public offerings. As a result of rising interest rates and high inflation stocks, many companies are choosing to raise money privately instead of making public lists, which rose to record levels last year.
SeatGeek and Forbes Nix SPAC offers during the Pullback Market
Source link SeatGeek and Forbes Nix SPAC offers during the Pullback Market