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.

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