This Is the SPAC I Am Most Excited About in 2021
Special purpose acquisition vehicles (SPACs) attracted heavy interest in 2020, and the trend toward using them as tools to take private companies public is only expected to continue growing. Given that, there will be lots of options for investors to get in on SPACs in 2021, but the one I am most excited about right now is Switchback II Corporation (NYSE: SWBK.U), which began trading on Jan. 8.
Switchback II raised $275 million, pricing units that included one share of common stock and one-fifth of a warrant, exercisable at $11.50, for $10 per unit. Not only does Switchback II have a proven management team, but it also plans to focus on a great sector.
Source Fool.com
