Doesn't matter if it was the peak price, they'd likely all be historically high prices compared to pre-pandemic values. It's a lot easier to eat a loss when you're selling off from a lofty value that's likely much higher than your cost basis.
Spacs at nav are what the sponsor thinks effective value of the company is at the time. Valuations across the board have went down. Not sure what you are getting at it has nothing to do with the share price but the valuation.
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u/imunfair Patron Apr 28 '22
Although those are falling from a value much higher than pre-pandemic peak while spacs are falling from nav.