Home research company Latest SPAC Trends Indicate Risk of Negative Outcomes

Latest SPAC Trends Indicate Risk of Negative Outcomes

By Adam Karageorge, Adrianna Huffman and Monet Lee (June 17, 2022, 6:03 p.m. EDT) – Calendar years 2020 and 2021 have seen a boom in special purpose acquisition companies, with an unprecedented number of IPOs. A SPAC is a shell company created by sponsors – usually private equity, venture capital or hedge fund investors – who raise money by selling shares of the SPAC through an IPO.

Proceeds from the SPAC IPO are held in a trust and used by sponsors to identify and acquire a target company. SPACs seek to acquire or partner with an operating company through an initial business combination, and investors rely on sponsors to run the business…

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