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SPACs Seeking Deals May Have to Settle for Less-Than-Ideal Targets


Samantha Lee/Insider
Special purpose acquisition companies, or SPACs, have a limited pool of businesses to buy.
And with more capital chasing startups, not all the deals will be good for retail investors.
Now, some blank-check companies are getting creative in how they source acquisition targets.
The glut of special purpose acquisition companies formed at the start of last year are now more than halfway into their searches for a business to buy. As the clock ticks down, some may be looking to settle for less-than-ideal mates.
In the last 16 months, more than 560 so-called blank-check companies have gone public, according to SPAC Insider data. An overwhelming majority of them, about 415 companies, are currently on the hunt for an acquisition. If the ....

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Would Biden's Capital Gains Tax Hike Affect You? Probably Not


KXLY
April 29, 2021 4:50 PM
Chris Davis
Posted:
Updated:
Getty Images
This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities.
President Joe Biden on Wednesday unveiled a plan to increase capital gains taxes, and the numbers back up what the administration has been saying for some time: Unless you make a lot of money, you probably won’t feel any direct impact from the proposed changes.
But if you earn more than $1 million per year, listen up.
Under the proposal, the highest income tax rate would return to 39.6% (where it stood from 2013 to 2017), up from the current 37%. Along with that increase, the Biden administration’s plan would tax capital gains profits from the sale of certain assets or investments at the same rate as ordinary income for households earning more than $1 ....

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