SPAC Attack – What They Are, Why You Should Care and How Communications Plays a Role
What is a SPAC? A Special Purpose Acquisitions Company (SPAC) is a shell company specifically set up by investors to raise money through an IPO and eventually acquire another company. For example, SPAC Hedosophia Holdings bought a large stake (49%) in Virgin Galactic before taking the company public in 2019. SPAC companies have no existing… Continue reading SPAC Attack – What They Are, Why You Should Care and How Communications Plays a Role