4 ms·
Don't SPACs generally move the needle in the opposite direction? ie they turn private companies into public ones.
by recursivecaveat 6mo ago
Don't SPACs generally move the needle in the opposite direction? ie they turn private companies into public ones.
- xnx 6mo agoAn existing public company merges with a private company to make that private company public.
- recursivecaveat 6mo agoThe SPAC is created for the purpose of that transaction though. If SPACs weren't a thing the private company would exist and the public company would not.