Keith Dalrymple, an independent short seller, published on Cyxtera Technologies (NASDAQ: CYXT — $1.71 billion), a Coral Gables, Florida-based data center company that went public via SPAC. Dalrymple highlighted increasing data center competition and an “excessive debt load” of ~$2 billion as headwinds for the company. The report also noted that insiders, SPAC sponsors, and PIPE investors have filed to sell around 130 million shares. Cyxtera Technologies is roughly flat since its July 2021 SPAC merger.