What Is a Special Purpose Acquisition Company (SPAC)?
A special purpose acquisition company (SPAC) is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company. Also known as "blank check companies," SPACs have been around for decades. In recent years, they've become more popular, attracting big-name underwriters and investors and raising a record amount of IPO money in 2019. In 2020, as of the beginning of August, more than 50 SPACs have been formed in the U.S. which have raised some $21.5 billion.
My Picks for 2021:
What people tend to not see is that reverse mergers and SPACS are very similar in almost every way, and the premice is still the same. So once you understand the similarities everything else becomes easier to understand. It could be said that the OTC is riskier than big boards but both have the same premice.
In order to come together, I have re-consolidated this into the League of Traders Consortium, the reason for this angle, is to hope that great traders, investors, and visionaries, such as myself, can form together in a most influentual way, and share ideas and come together when moderators on other boards do not allow such truths to formulate on the very boards they moderate. I hope to see most of you that come here to this board put forth ideas that will go into certain depth without revealing too much of the stocks' secrets.
Learn about art. When you understand a stocks art, you understand that stock.