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SPACs Are Booming Again. Here’s How They Work.

(Bloomberg) -- SPACs, the speculative investment vehicles that surged in popularity five years ago, are having a revival. SPACs, or special purpose acquisition companies, are shell companies with no ...
The Motley Fool

What Are SPACs in Finance?

SPACs merge with private companies to take them public, often without specifying their target in advance. Investing in SPACs can lead to significant returns when a merger target is revealed, boosting ...
The Motley Fool

Chamath Palihapitiya Is Launching a Brand-New SPAC. Is This 2021 All Over Again, or Is This Time Different?

Notable SPAC sponsor Chamath Palihapitiya just announced his newest blank-check company. The goal will be to find an acquisition target in energy production, artificial intelligence, decentralized ...

Elite law firms are rushing into the 'SPAC' craze, looking to make hundreds of millions of dollars in the process — here's how it works

SPACs often pay around $300,000 for legal advice on their IPOs, and the eventual merger often results in legal fees that can be 3 to 5 times what it cost to go public, attorneys say.