SPACs: A Convenient Anesthesia for FOMO

As with most financial market crazes, the fear of missing out motivates buying and selling en masse. The market’s current fantasy with special-purpose acquisition companies (SPACs), a financial instrument mired in a suspicious past, may just be another instance of this phenomenon.

What is a Cannabis SPAC?

SPACs were one of the big financial stories of 2020, given that they raised billions of dollars in the second half of the year. Given the amount of money flowing into SPACs, it’s not surprising that the cannabis industry turned to this new trend for financing.

Event: TechGC SPAC & Direct Listing Virtual Forum

SPACs and Direct Listings have emerged as a significant new liquidity path for high growth tech companies over the last several months. In this three-day virtual forum for TechGC members, topics will include how to approach liquidity events strategically including evaluating which structure to use, understanding economics / dilution, and how to execute on these transactions.