SPAC Weekly 8/17: Special Purpose Acquisition Corps 101

By Troy Marchand, Foundry Capital The first installment of SPAC Weekly is being introduced via Valuewalk.com for the week of Aug. 17. The idea is to keep investors up to speed on Special Purpose Acquisition Corps, also known as SPACs, on a weekly basis. A SPAC is a blank check company created for the purpose of acquiring a private company. It is a backdoor route to taking a private company public while enriching the teams that execute on completing a deal. Due to the nature of what was just described, Wall Street does not pay attention to SPACs, and they…