Slowed SPAC Craze Sees Momentum in Leisure and Luxury, But SEC Blocks Universal Music Deal
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Ermenegildo Zegna, one of Italy's leading luxury labels, and Bowlero, the giant U.S. bowling chain, pretty much embody their countries' joie de vivre.
And both firms announced deals to go public by merging with special-purpose acquisition companies on Monday, breathing new life into the SPAC merger craze that's cooled off in recent months. That is until U.S. regulators stepped in and quashed another deal that would have seen a blank-check firm take a stake in corporate giant Universal Music.
Source Fool.com
