JPMorgan's Pinto on Managing SPAC Risks

The video discusses the rise of SPACs, comparing them to traditional IPOs, and highlights the unprecedented volumes of SPAC investments. It addresses the risks involved, such as the pressure to find targets within two years, and emphasizes the importance of prudent investment strategies. The video also explores the regulatory landscape, noting that SPACs are becoming more aligned with IPO standards, and considers the future of SPACs in the financial market.

What is the significance of having a good sponsor for SPACs according to the text?

What does the text suggest might happen if SPACs do not find a target within the given timeframe?