SPACs Halfway through 2025: What’s Working, What’s Changing, What’s Next

Harry You, Brandon Sun, and Vik Mittal break down the SPAC landscape

On this special edition of the SPACInsider Podcast, we bring together a panel of SPAC veterans to explore the state of the market from the perspectives of sponsors, investors, and underwriters.

Joining us are serial SPAC sponsor Harry You, Brandon Sun, Head of SPAC Investment Banking at Cohen & Company, and Vik Mittal, Managing Director at Meteora Capital.

Together, they unpack how the complexion of the 2025 SPAC market is shifting and which strategies are rising to the top. How have crypto-focused deals reshaped the landscape, and how many more iterations of that playbook can succeed?

We also get into how macro headwinds and tailwinds affect the traditional IPO window and SPAC deal flow, and whether activity is poised to accelerate in the second half of the year.

It’s a wide-ranging, mid-year pulse check-in on SPACs. 

Give it a listen.

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IMPORTANT DISCLOSURES: This podcast is for informational purposes only and does not constitute investment advice, a recommendation to buy or sell securities, or a solicitation of any kind. The views and opinions expressed by the guests are their own and do not necessarily reflect the views of their respective firms or affiliates.   Past performance discussed is not indicative of future results. All investments involve risk, including potential loss of principal. Any performance figures mentioned have not been independently verified and may not reflect actual client experiences or net returns after fees and expenses.   The guests may have financial interests in companies, securities, or investment strategies discussed. Harry You is associated with multiple SPACs mentioned in this discussion. Vik Mittal serves dual roles as Managing Member of Meteora Capital, LLC and CFO of Berto Acquisition Corp. Brandon Sun represents Cohen & Company Capital Markets. These relationships may create conflicts of interest.   Nothing in this podcast should be construed as personalized investment advice. Listeners should consult with qualified financial professionals before making investment decisions. Market predictions and forward-looking statements are speculative and subject to significant uncertainty.