Pre- and post-merger performance of S&P vs SPAC returns 2020

In 2020, the SPAC strategy was more successful than the S&P strategy in improving share performance value both before and after a merger has taken place. That year, SPAC share values grew by 46 percent pre-merger and 16 percent post-merger. On the other hand, the growth of S&P share values was much smaller, with an increase of 20 percent pre-merger and 13 percent post-merger. However, the S&P strategy proved to be more successful in the three years preceding the time period observed.