What is a SPAC? - A Quick Way to Lose Money
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What is a SPAC? It's a quick way to lose money which benefits everyone except retail investors who are left holding the bag. We first expressed concerns about SPACs three years ago and they were well placed. Some SPACs are already going bankrupt, others are being acquired for far less than the debut price, and 75% of the 99 we covered…
The skinny
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