Tearsheet.co: Scott Rostan in What is a SPAC?
RIVKA ABRAMSONÂ |Â APRIL 30, 2021
A SPAC, or Special Purpose Acquisition Company, is an entity with no commercial activities, built with the specific purpose of acquiring a company. SPACs are also sometimes called blank check companies.
SPACs have seen some serious growth this year. By March 19, SPACs raised $87.9 billion — more than all...
