Blank-check companies have taken an epic battering, but for patient investors, the collapse creates a chance to make some easy money from a quirk in the structure of these vehicles: their holdings of Treasury bills, Bloomberg reports.
By one reckoning, scooping up shares of special-purpose acquisition companies that are trading at a discount to their cash in trust could earn the buyers about $3.45 billion, according to data compiled by Chicago-based SPAC Research. Read more.
