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WTF is a SPAC?

  • Special Purpose Acquisition Companies go public and use the funds to acquire a company after.
  • More investors are becoming fluent in SPAC-speak.
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WTF is a SPAC?

A SPAC, or Special Purpose Acquisition Company, is an entity with no commercial activities, built with the specific purpose of acquiring a company. SPACs are also sometimes called blank check companies.

SPACs have seen some serious growth this year. By March 19, SPACs raised $87.9 billion — more than all of last year’s $83 billion. Since Covid — and even a little before that — SPACs have been gaining more interest from investors.


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