Episode
What Comes Next for Crypto Treasury SPACs? Vik Mittal and Ivan Deryugin Weigh In
- Podcast
- SPACInsider
- Published
- May 15, 2026
- Duration seconds
- 2031
- Processing state
not_requested
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Summary
This week, on a special edition of the SPACInsider Podcast, we speak with Vik Mittal, managing member of Meteora Capital and Ivan Deryugin, head of research for the Americas at United First Partners. Together we discuss why the digital asset treasury strategy quickly turned from a SPAC-favorite play to falling out of favor over the past year. Ivan gets into the numbers on how some of these deals have become misaligned, particularly as crypto prices dropped. Vik shares his perspective as a both a PIPE investor in some of these transactions and as a SPAC sponsor searching in the space. What is to become of these pending deals, and how might SPACs play in the crypto space next? --------- Disclaimer: This podcast includes discussions of cryptocurrency, digital assets, special purpose acquisition companies (“SPACs”), and other publicly traded securities. Mr. Mittal participates in this podcast in his capacity as a portfolio manager at Meteora Capital Partners, LP (“Meteora”). Mr. Deryugin participates in this podcast in his capacity as a research analyst at United First Partners, LLC (“UFP”), a broker-dealer registered with FINRA (CRD # 155456). All statements, examples, scenarios, tickers, and transactions referenced by Mr. Mittal and Mr. Deryugin are hypothetical in nature and are provided solely for general informational and discussion purposes. Nothing discussed should be relied upon as fact, forecast, recommendation, or commitment. Nothing in this podcast constitutes financial, investment, legal, tax, or accounting advice, nor is it a recommendation, offer, or solicitation to buy or sell any security, digital asset, or financial instrument. Cryptocurrency and digital asset markets are highly volatile, speculative, and carry significant risk, including the risk of total…