CNBC Pro

The SPAC boom is over with the majority of deals now trading under key $10 level

Traders work on the floor of the New York Stock Exchange (NYSE) on Friday.
Spencer Platt / Staff | Getty Images

The SPAC market is turning bleaker by the day as investors head for the exits amid rising scrutiny, pushing the majority of deals below their IPO price.

More In Pro News and Analysis

CNBC ProBest trades on CNBC Friday: Cramer's stay-at-home stock, DocuSign sinks, and some megacap tech picks
CNBC ProHere are Credit Suisse's highest conviction stock picks heading into December
CNBC ProSantoli’s Friday market notes: Disruptive tech darlings implode as indexes put their lows to the test