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Guidance on investing in SPACs (access required)

Investor enthusiasm for SPACs continued apace during the first quarter with upwards of 400 initial public offerings raising $125 billion. In this column we look behind the headlines and the hype in an effort to provide readers with some very basic information about investing in SPACs.   What is a SPAC?   The acronym “SPAC” stands for “special purpose acquisition company.” A SPAC is ...
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