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I'm new to the term SPAC and had to look it up. https://www.investopedia.com/terms/s/spac.asp https://www.investopedia.com/terms/s/spac.asp Based on the defini
by javajosh 3y ago
I'm new to the term SPAC and had to look it up. https://www.investopedia.com/terms/s/spac.asp https://www.investopedia.com/terms/s/spac.asp
Based on the definition, is it proper to call it a "merger"? It seems more like what SPACs do is "acquire".
- epgui 3y agoIn practice and in effect, it's more like a lightweight IPO that skirts around the rules meant to protect investors. Like an IPO, but way riskier. Technically there is a merger that does happen, but... it really is a technicality.