At their peak, they looked like the A-list’s hottest new accessories, Bloomberg reports. Alex Rodriguez got one. So did Colin Kaepernick and Shaquille O’Neal. Jay-Z was a fan, as was Serena Williams.
SPACs, or blank-check companies, made a splash during the Covid-era retail-trading surge. SPACs let just about anyone with a wild idea, be it flying taxis or even space travel, and a bit of money raise hundreds of millions of dollars.
As the markets and appetites change, the article explores issues investors should keep an eye on as they mull putting money into SPACs. Read more.
