Magic Markets #16: SPAC Attack
The Finance Ghost and Mohammed Nalla (Moe-Knows) have an in-depth discussion on the SPAC (Special Purpose Acquisition Company) phenomenon in the US markets.
The concept of a SPAC has been around in South Africa for several years but only a few companies came to market in this way. In contrast, the US market is now crawling with SPACs.
Are they good investments or do the risks outweigh the rewards?
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Brought to you by The Finance Ghost and Moe-Knows of Magic Markets