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Demise of largest SPAC ever comes amid market and regulatory headwinds

By: MarketWatch

July 21, 2022 at 10:27 AM EDT

The $4 billion liquidation of Bill Ackman Pershing Square Tontine Holdings looms behind a merger backlog, a dry summer for SPAC IPOs and more SEC scrutiny.

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Demise of largest SPAC ever comes amid market and regulatory headwinds