What Is a SPAC?
A SPAC is a shell company that raises money via an IPO, then merges with a private company to take it
public.
1
A blank cheque
Investors fund it before the target is known.
2
Faster than an IPO
A shortcut to public listing.
3
Hype-prone
Many SPACs disappointed after a 2021 frenzy.
Source: CFGI
Stocks