The Golden Lounge

[SSP]

SPACs are shells, but created buy the largest, deepest pockets in the industry, they raise anywhere from 200 million to 3 billion dollars, the money is held in trust, raise is usually 10 bucks a unit, a unit of shares and warrants, if the deal is not liked , or the SPAC fails to find a merger/acquisition, the money is returned to investors at 10 bucks a share, If a deal is good, most stay for the rise, some can still redeem if they don't like the company being acquired. SPCE, DKNG, LAZR, QS etc very successful SPACs. This is basically the bigboys version of going public through blankchecks reverse merger deals but with lots of cash held at trust. Even Bill Ackman is at it with his SPAC PSTH. What I like, is the downside is limited to the cash value of the SPAC, so you can bail just before the PIPE financing kicks in after the run up, and if you like the completed company, you can buy back in. SPAC's are all listed on Nasdaq or New York exchange. Here's a nice spread on latest SPACs that announced deals,
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