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SPAC market hits a wall as issuance dries up and valuation bubble bursts

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The SPAC boom is officially a thing of the past. Not a single special purpose acquisition company was issued in July as the market slowdown turned into a screeching halt, according to CNBC calculations of SPAC Research data.

Sponsors who once took advantage of a hot market were forced to pause as investor interest waned and regulatory pressure ramped up.

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