Author: Matt Tatham
What are SPACs?
Special purpose acquisition companies (SPACs) are shell companies that go public with the intent of buying a private business. Also known as “blank check companies,” SPACs …
Why are SPACS suddenly so hot?
Special Purpose Acquisition Companies (SPACs) have been all the rage on Wall Street. Almost 250 SPACs went public in 2020, four times as many as the …