What’s So Special about SPACs?
My barometer for when an arcane finance topic has crossed into the mainstream tilts when my twentysomething artist daughter asks me about it. We’ve already had two such events this year- first came the “short squeeze” around the GameStop fiasco. Now we have Special Purpose Acquisition Corporations (SPACs), which even Hollywood celebrities are suddenly embracing as the “it” investment vehicle.
What Makes SPACs So Special?
Glen chats with Wall Street veteran and Forbes contributor Jeff Gapusan about the meteoric rise of SPACs and the sudden appeal of this obscure (until recently) investment vehicle. Als