Why the SPAC route makes sense for Getaround

The SPAC route to listing on public markets was incredibly popular in 2020 and 2021, but many companies that took this avenue didn’t exactly fare well after going public. So why did consumer car rental marketplace Getaround decide to list by merging with a blank-check company?
To answer that question, we need to take a step back and look at the bigger picture.
In hindsight, the 2020-2021 SPAC boom was unable to materially diminish the rising unicorn backlog. In 2022, unicorns continued to be minted faster than M&A and public offerings could convert their illiquid equity into liquid c

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