Finance
Pages 26–33 (8 pages)
Text on page 28
Finance
SPAC Performance
Spac Performance
Battery related SPACs have performed in line with the broader battery equity capital markets. Energy transition SPACs trading price relative to initial par value (% change from $10 SPAC par price)
Higher costs of capital driven by interest rates hikes have led investors to cycle out of pre-revenue companies with higher capital requirements
Source: CapIQ 12/29/2023 (1) Jan 2023, announced that Shell would acquire Volta (2) Nov 2023, Proterra sold to Volvo and Phoenix Motors
Extracted from the PDF; charts and images may read imperfectly.
Page 28 · 3/8