Markets
Tuesday, 7/21, 04:18 PM
What is a SPAC? The blank-check company, explained
- A SPAC is a company that lists on a stock exchange with no business at all, raising money first and finding something to buy later.
- It is how a growing number of firms, including several crypto ventures, reach public markets.
- The structure has a clock, a trust account, and an incentive problem worth understanding.












