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SPACs could help take companies public but face less regulation / due diligence

By Hicbd
Fri Jan 22 2021 2:02 pm

"SPACs, also known as blank check companies, are formed for the purpose of merging or acquiring other companies. The shell company raises money in an initial public offering with the intent of merging with a privately held company that then becomes publicly traded."

URL:
https://techcrunch.com/2021/01/07/sofi-nears-deal-to-go-public-in-merger-with-chamath-palihapitiyas-newest-spac/
https://en.wikipedia.org/wiki/Special-purpose_acquisition_company
https://www.newcomer.co/p/the-man-with-six-spacs

URL Credit

Categories:
U.S. Securities and Exchange Commission (SEC) Companies / Corporations Stock Markets Initial Public Offerings (IPOs) Investing / Portfolio Management Economic Bubbles / Recessions

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