After the boom-and-correction cycle of 2020-2023, recent data points to a more disciplined market characterized by experienced sponsors, more consistent deal structures, and a more supportive regulatory environment—themes Anna Pinedo recently explored on Bloomberg’s Investment Committee. As of June 22, 2026, 20 SPAC business combinations, or “de-SPAC” transactions, closed, valued at over $25 billion. In addition, 110 de-SPAC transactions are pending.