Stock Selloff Crunches SPAC Creators as They Race to Find Deals

Please see the below story where Wealthspring Capital’s Matt Simpson is quoted in the Wall Street Journal on May 18th, 2022.   Matt comments on the current state of the SPAC market, specifically, on the state of founders shares, commonly referred to as “at-risk capital”.   Wealthspring Capital's US Treasuries + Alpha® using SPACs strategy only invests in the public securities of SPACs during which time the IPO proceeds are held in trust and invested in treasury bills.  Further, Wealthspring Capital's US Treasuries + Alpha® using SPACs strategy and the Fountain Opportunities LP hedge fund have not invested in any founders shares and are not exposed to the potential losses mentioned in the article.  Our team always factors in market technicals when constructing client portfolios, including the Q1 2023 redemption wall mentioned in the article.