185 days ago • Posted by Charles-Henry Monchau

The SPAC bubble

A special purpose acquisition company (SPAC) is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company. Also known as "blank check companies," SPACs have been around for decades - source: Wolfstreet.com, SPAC Insider 

Billions of $ raised by SPACs