Starstream Entertainment, Inc (SSET)

[monimoni]

About SPAC's

A Special Purpose Acquisition Company ("SPAC") is a company with no commercial operations that is formed strictly for the purpose of acquiring an existing company. SPAC's have no existing business operations or even stated targets for acquisition. SPAC's are generally formed to target a particular industry or business sector with the intention of pursing deals in that area.

According to industry tracker SPACInsider.com, as of November 10, 2020, there have been 172 SPAC transactions that have raised approximately $63 billion in capital this year, with an average deal size of $367 million. Yet a mere five years ago, the corresponding numbers were twenty deals raising roughly $3.9 billion, each deal averaging around $195 million. $SSET