A Russian Oligarch Created a SPAC; Should You Invest?
A special purpose acquisition company (SPAC) is a publicly traded shell company that raises capital with the intent of taking a private company public. Lately, many private companies have gone public this way because the SPAC structure allows them to hit the markets more quickly. Also, strong investor interest in SPACs has provided strong demand for companies that have taken this route.
As more SPACs go public, investors now have a unique opportunity to invest in a SPAC focused on the Russian market.
Source Fool.com
