Central banks shifting to 'higher for longer' interest rates make debt financing for potential target companies more expensive, potentially hindering acquisition prospects for SPACs.

New 2024 SPAC rules increase disclosure requirements and deal complexity, raising the cost and timeline risk of completing any merger for blank-check companies like ASPCU.

Broad geopolitical instability and economic uncertainty, such as the Iran War escalation and Strait of Hormuz closure, can reduce investor appetite for speculative assets like SPACs, potentially leading to higher share redemptions or difficulties in securing capital for de-SPAC transactions.