SPAC redemptions are just investors asking for their money back so they can use it elsewhere. From the SPAC share owner's perspective this is the system workin

SPAC redemptions are just investors asking for their money back so they can use it elsewhere. From the SPAC share owner's perspective this is the system working as intended. Redemptions lower the amount of money in the fund, which gives them weaker negotiating power when making the acquisition. I won't feel bad for the fund manager doesn't have enough money to buy the investment they had their eyes on. The downturn across all SPACs gives them less negotiating power as a class, but again, that's not a big loss for society.