Special Purpose Acquisition Company (SPAC)

Special Purpose Acquisition Company (SPAC)

Postby winston » Tue Oct 06, 2020 10:36 am

The First SPAC ETF - SPAK

by Chris DeMuth Jr.

Summary
1-click SPAC portfolio.
Should you invest in SPACs?
Should you invest in SPAK?

A SPAC is a blank check company. A team of sponsors raises money in an IPO. They don’t have any commercial operations. They are founded with the intent to acquire an operating business within a set period of time, typically a year and a half or two years.

The money that they raise is placed in a trust. If an investor doesn’t like the deal that they make or if they fail to make one, then that investor can get his share of the trust value, which protects much or all of his downside.

Source: Seeking Alpha

https://seekingalpha.com/article/437734 ... ent=link-0
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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