De-SPACs have come full circle, going from boom to bust in the span of eighteen months.
Last week, retail startup Enjoy Technologies, which was founded by Former Apple Executive Ron Johnson announced that it was filing for Chapter 11 bankruptcy.
This was the second De-SPAC to declare bankruptcy in June after troubled EV Startup Electric Last Mile Solutions said that it was going out of business after dealing with a host of production challenges and internal fraud.
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