Blank-check companies are a new favorite pastime for current or retired pro athletes, but investors shouldn’t necessarily spring for courtside tickets
Over the next two years, $103 billion in SPAC capital will be on the hunt for acquisition targets. The U.S. Securities and Exchange Commission on Wednesday notified investors not to invest in a special-purpose acquisition company, or SPAC, just because a celebrity is involved without naming names.
Raising special purpose acquisition companies is en vogue in the COVID-19 economy. From venture capitalist Chamath Palihapitiya to footballer-turned-activist Colin Kaepernick to former House Speaker Paul Ryan, it seems like everyone is taking part in this new variant of initial public offerings.
A weekly review on the latest SPACs from The SPAC Investor.
Colin Kaepernick took his activism to the wide world of SPACs. Archer, a developer of all-electric vertical take-off and landing (eVTOL) aircraft, is combining with SPAC. The Beachbody Company Group also announced its intention to become a public company.