If you track the financial news, you know that SPACs ("Special Purpose Acquisition Vehicles") are hot. According to SPAC TRACK, there are currently 352 active SPACs with a total of $108 billion dollars in cash. Axios noted 12 new SPAC filings on Monday alone. This pace is frenetic, so last week my partner Rob posted SPAC - Red Alert. I've pulled out a few choice quotes along with my own commentary below.
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Bursts of Color - SPAC Yellow Flags
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If you track the financial news, you know that SPACs ("Special Purpose Acquisition Vehicles") are hot. According to SPAC TRACK, there are currently 352 active SPACs with a total of $108 billion dollars in cash. Axios noted 12 new SPAC filings on Monday alone. This pace is frenetic, so last week my partner Rob posted SPAC - Red Alert. I've pulled out a few choice quotes along with my own commentary below.