SPAC Weekly 8/24: Special Purpose Acquisition Corps 101

This is the second edition of SPAC Weekly, an offering of Valuewalk.com, for the week of August 24th. The idea is to keep investors up to speed on Special Purpose Acquisition Corps, also known as SPAC’s, 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 executes on completing a deal. Due to the nature of what we just described Wall Street does not pay attention to SPAC’s and they often time are under…