3 Things to Know About SPACs
Technological innovations were on the rise well before the COVID-19 pandemic created an even greater need for them. Efforts to address the pandemic accelerated what was already shaping up to be a digital revolution. A digital-first economy focused on tech development and efficiency has emerged and been a driving force this past year.
In tandem with this digital-first economy, the interest in special purpose acquisition companies, or SPACs, has also surged. These unique business startups were purpose-built for this new era.
But before you go piling into every SPAC you can find, there are a few things any potential investor needs to know. Here are three things to consider when looking into a SPAC.
Source Fool.com
