What the Heck is a SPAC?

All of the sudden SPACs are hot things on Wall Street. I’ll be honest, I had to Google what a the heck an SPAC is. I think I found the perfect way to show you what’s in a SPAC.

That’s right! A SPAC is a shell company with nothing in it. One day it may have things. Maybe it was setup to buy something specifically, but when it raises funds it has nothing in it.

These SPACs have become very popular even though they have almost no regulation and look incredibly risky (see CCIV).

All I have to say is: Buy these things at your own risk.