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SPAK (Defiance Next Gen SPAC Derived ETF) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
SPAC issuance has been reduced to a trickle for most of 2022, but now even that is drying up. July is expected to be the first month with no blank check IPOs in over five years. In the last two years, the SPAC market has gone from boom to bust.
BFAC And The SPAC Problem
What is a SPAC?
Spotlight On SPACs: More Risk Than Opportunity?
The Defiance Next Gen SPAC ETF tracks the indxx SPAC and Next Generation IPO Index. SPAK is down over 35% in the last year as a result of a decreased appetite for SPAC listings.
A healthy IPO market has provided a timely windfall for many non-investment grade issuers looking to deleverage after a challenging 2020.
The global market for initial public offerings was off to a great start this year and is still running hot. 2021 is on its way to become the record year for IPOs.
BRW earlier this year started a metamorphosis; the name of the fund, fund sponsor, and advisor were all changed. Previously, this was the Voya Prime Rate Trust (PPR) fund but has now been taken over by Saba.
No recent filings indexed.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.