I don't think that anyone would claim that the SPAC IPO market right now is as active as it was in recent years. In fact, I believe most people would say that it is almost the opposite: per SPACInsider, only 17 IPOs have priced so far this year (as compared to 86 in 2022, 613 in 2021 and 248 in 2020 for the full years).  

But even assuming that only an additional 17 or 20 SPAC IPOs price in the second half of the year, that would result in roughly the same number of SPAC IPOs as in all of 2017 and 2018, and substantially more SPAC IPOs than any year between 2009 and 2016 (the fewest in that period was one in 2009 and the most was 20 in 2015).  So, while I hope for an improvement in the SPAC IPO market, I think what we're seeing today is still better than, or at least as good as, the historical SPAC IPO market, other than the last few years.  And while I don't believe that we will ever again reach 600+ SPAC IPOs as we did in 2021 (nor do I think that number makes sense from a sustainability perspective), given the relative strength of the SPAC IPO market today (in a bad market) as compared to historical norms, I am hopeful that the number of SPAC IPOs will increase as market conditions improve in the not-too-distant future.