SPAC Firms Rush To Liquidate ... Has The Boom Ended?
Since the beginning of December, around 70 special-purpose acquisition companies (SPACs), have liquidated and returned the money to the investors.
A SPAC firm, a.k.a blank-check company, raises money to merge with a private company to take it public. After regulatory scrutiny, the company going public replaces the SPAC in the stock market.
