SPACs are back but without the hype, says Willkie

Noemi Distefano

May 27 2025

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close up shot of a digital stock market tracking graph follwing a recent crash in prices. Bear market 3D illustration

Bulge bracket banks have taken a back seat, and smaller firms are now dominating the SPAC space, according to capital markets co-chair Edward Best

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Noemi Distefano

Senior Reporter IFLR

Noemi joined the IFLR team in 2024. An award-winning journalist, she previously worked as a reporter and podcast host at IR Magazine. Her earlier roles include reporting for Newtrade Media and Shephard Media. Noemi holds a Master’s degree in journalism from Edinburgh Napier University.