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Home / Today s Market / Top SPAC Merger News This Week: Bakkt, Lucid Motors, Proterra and 16 More Hot SPACs Top SPAC Merger News This Week: Bakkt, Lucid Motors, Proterra and 16 More Hot SPACs Did you miss the SPAC merger news this week? Here are the top stories you need to know. By Sarah Smith, InvestorPlace Web Content Producer Jan 15, 2021, 5:14 pm EDT January 15, 2021
The week may be winding down, but it seems like SPAC merger news continues to heat up.
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In fact, this week brought major moves in more than nine special purpose acquisition companies. For investors less familiar with this world, SPACs are public companies that merge with private companies. Essentially, SPACs help private businesses avoid the IPO process. Importantly, following the pandemic selloff in March, investors have had a huge appetite for new offerings. That means SPAC mergers have dominated t