Special Purpose Acquisition Companies (SPAC)

an interesting trend in 2020 investing

A special purpose acquisition company (SPAC), also referred to as a "blank check company" is a company with no commercial operations, formed just to raise capital through IPO to acquire an existing company.

SPACs have been around for years but have recently experienced a surge in popularity. SPAC IPO fundraising hit a record $13.6 billion in 2019, an…