Palihapitiya to wind down two SPAC firms as choppy markets deter valuations

Palihapitiya to wind down two SPAC firms as choppy markets deter valuations

Prolific SPAC investor Chamath Palihapitiya is winding down two of his blank-check firms after failing to find suitable target companies within a deadline as choppy public markets dampen investor sentiment for the once high-flying investment vehicles.