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BOA Acquisition Plans Real Estate Technology SPAC

BOA Acquisition Plans Real Estate Technology SPAC Deidre Woollard © Provided by The Motley Fool BOA Acquisition Plans Real Estate Technology SPAC Already in 2021, the trend of special purpose acquisition companies (SPACs) has continued so swiftly that it may dwarf the activity that took place in 2020. These blank check companies are used to raise money for a variety of companies across many different sectors, including real estate. Already this year, we ve seen Simon Property Group (NYSE: SPG) create a SPAC, and a proptech start-up, Latch, was acquired by Tishman Speyer s SPAC. The newest SPAC with an eye on real estate is BOA Acquisition, which announced its intentions last week with the filing of an S-1. BOA seeks to raise up to $175 million in its initial public offering.

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