Climate Tech SPACs Are Back (opens in new tab)

SPACs are back! At the start of this decade, special purpose acquisition companies — publicly traded firms whose raison d’être is taking startups public through mergers — went from a niche financial vehicle to one of Wall Street’s hottest trends. Fueled by near-zero interest rates and a surge in investors’ risk appetite during the pandemic, SPAC deals exploded in 2020 and 2021, with climate tech companies such as Lucid Motors and ChargePoint riding the wave.“What the SPAC unlocked was retail ...