bearish
What Happened to MSP Recovery’s $33 Billion Deal?
SUMMARY
- Last year, markets were taken aback when medicare litigation firm MSP recovery announced that it was going public through a $32.6 billion SPAC merger.
- The merger with Lionheart Acquisition II was the second-largest SPAC transaction at the time and was announced at a time when SPACs were booming.
- However, the market has taken a turn for the worse since then, with SPAC sentiment at an all-time low, markets bracing for a recession, and regulators looking to clamp down on SPACs.
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
- Unlock all research summaries
- Follow top, independent analysts
- Receive personalised alerts and emails
- Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
x