The Year of the SPAC and What it Means for Hardware
AlleyWatch CBS MarketWatch declared 2020: The Year of the SPAC (Special Purpose Acquisition Corporation). A record 219 companies went public through this fundraising vehicle that uses a reverse merger with an existing private business to create a publicly-listed entity. This accounted for more than $73 billion dollars of investment, providing private equity startups a new outlet to raise capital and provide shareholder liquidity. According to Goldman Sachs, the current trend represents a “year-over-year jump of 462% and outpacing traditional IPOs by $6 billion.” In response to the int...
Source: alleywatch.com