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Houlihan Capital

SPAC Fairness Opinions in 2026: What Changed and Why It Matters

The SPAC market in 2026 and the renewed case for independent fairness opinions The blank check structure has returned to the public markets on very different terms than it left them. Roughly 140 SPAC IPOs priced in 2025, and issuance has continued to build through the first half of 2026, on terms that bear little […]