Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By Stockerblog (Reporter)
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

What is a SPAC and Why Should You Care?

Monday, April 27, 2020 11:26

% of readers think this story is Fact. Add your two cents.

Please note that this is a sister publication of WallStreetNewsNetwork ( https://WStNN.com ) and eventually everything on this site will be transferred over there.

by Fred Fuld III

If you haven’t heard the term SPAC, as an investor, you should at least be aware of what it is. SPAC stands for Special-Purpose Acquisition Company, which is a company created specifically to pool funds in order to finance a merger or acquisition opportunity within a set timeframe, usually two years.

SPACs are sometimes referred to as corporate shells or blank-check companies. They have no operations but go public with the intention of merging with or acquiring a company with the proceeds that were raised from the SPAC’s initial public offering. The SPACs are currently sold in $10 units which includes of one share of common stock and one or more out of the money warrants or a fraction of a warrant. The units, stocks, and warrants usually start trading on either the NYSE or NASDAQ.

Probably the most famous SPAC (which no one remembers the original name of but most remember the new name after the merger) was Social Capital Hedosophia (former symbol: IPOA). This is the company that merged with Richard Branson’s Virgin Galactic (SPCE), the space travel company.

The most recent SPAC transaction hitting the news is the merger of the SPAC called Diamond Eagle Acquisition Corp. (DEAC) with DraftKings (DKNG), one of the world’s largest daily fantasy sports contest and sports betting provider.

Here are a list of SPACs that have announced mergers:

SPAC	Symbol	Buying	Business
8i Enterprises Acquisition Corp.	JFK	Diginex	blockchain
Act II Global Acquisition Corp.	ACTT	Merisant	sugar substitute
Arya Science Acquisition Corp.	ARYA	Immatics	cancer immunotherapies
Diamond Eagle Acquisition Corp.	DEAC	DraftKings	fantasy sports
Far Point Acquisition Corporation	FPAC	Global Blue	airport sales tax refund kiosks
Gordon Pointe Acquisition Corp.	GPAQ	HOF Village	Pro Football Hall of Fame
KBL Merger Co. IV	KBLM	CannBioRx Life Sciences	biotech
Legacy Acquisition Corp.	LGC	Blue Valor	digital marketing
Leisure Acquisition Corp.	LACQ	Gateway Casinos	gambling
Monocle Acquisition Corporation	MNCL	AerSale	Aviation Aftermarket
Mudrick Capital Acquisition Corporation	MUDS	Hycroft Mining	gold & silver
Nebula Acquisition Corp.	NEBU	Open Lending	automotive finance
Proficient Alpha Acquisition Corp.	PAAC	Lion Financial Group	financial services
Pure Acquisition Corp.	PACQ	HighPeak Energy	oil & gas
VectoIQ Acquisition Corp.	VTIQ	Nikola	zero emissions trucks
Wealthbridge Acquisition Limited	HHHH	Scienjoy	China streaming video

Although the SPACs are a way of getting an early investment in currently private companies, they do carry risk.

Happy investing!

Disclosure: Author didn’t own any of the above at the time the article was written.

Try the Warren Buffett-style Stock Analyzer for FREE!

INVESTMENT TRIVIA MAKES A GREAT GIFT!!!

Source: http://stockerblog.blogspot.com/2020/04/what-is-spac-and-why-should-you-care.html

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).

Comments

Online:
Visits:	1,607,354,351
Stories:	8,161,788