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Monetization of legacy asset brings in $3 million in nondilutive capital Convertible notes exchange brings in another $2.8 million in new capital and reduces Biora's net debt SAN DIEGO, March 11, 2024 (GLOBE

Brian Snyder/Reuters; Michael Loccisano/Getty Images; Samantha Lee/Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Investing in blank-check companies has made hedge funds big winners in the SPAC boom. Some market insiders are wary that SPAC mania may be bad news for mom-and-pop investors. Insider spoke with a dozen people to understand whats driving the SPAC boom and how itll...