What is a SPAC? (Special Purpose Acquisition Company)
In the last 2 years, a new type of company has gained immense popularity. These companies are called Special Purpose Acquisition Companies, or SPACs. While just 1 SPAC had an Initial Public Offering (or IPO) in 2009, already in 2021 we are approaching 300.
To understand what a SPAC is, it is best to focus on what a SPAC does. In this video, Dean explains the basic concept of a SPAC.