What Is a Special Purpose Acquisition Company (SPAC)?

Special purpose acquisition companies (SPACs) offer a unique way for companies to go public. A SPAC is a shell company listed on a stock exchange that aims to acquire a private company, allowing it to go public without the traditional initial public offering (IPO) process. This method provides a quicker path to public markets, making […] The post What Is a Special Purpose Acquisition Company (SPAC)? appeared first on SmartReads by SmartAsset.