Nearly half of all startups with less than $10M in annual revenue that went public via SPACs in 2021, mostly in tech, missed earnings and revenue targets (Wall Street Journal)

Wall Street Journal:
Nearly half of all startups with less than $10M in annual revenue that went public via SPACs in 2021, mostly in tech, missed earnings and revenue targets  —  Hot upstarts that went public via blank-check companies are missing revenue and earnings targets—sometimes months after making those forecasts