Write Downs news and trends

SPAC Companies Heave Under Billions of Goodwill Write-Downs

April 09, 2023
Quick Reads
SPAC Companies Heave Under Billions of Goodwill Write-Downs

April 09, 2023
The recent wave of SPAC mergers led to billions in goodwill write-offs last year. The trend — reported recently by The Wall Street Journal — illustrates the cost companies paid to close deals during a boom in special purpose acquisition company (SPAC) public listings in 2020 and 2021. According to the report, which cites findings […]