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The Rob Tetrault Show - BA, JD, MBA, CIM

Mar 30, 2021

Special Purpose Acquisition Company - What are they, what do they mean and how can they be beneficial to me and my financial situation.

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📽 Watch my BNN appearance about SPACs:

SPACs Are taking the world by storm and are very popular among todays's why:

- A company with no commercial operations

- strictly there to raise capital, done through an IPO, with the sole purpose of acquiring an existing company

- a SPAC has 2 years to complete the deal otherwise money will be returned to the investors.

- A SPAC is effectively a blank check company - used to acquire a private company

- It's a way for anyone to get into the private equity market.

- typically this type of deal was reserved for the wealthy.

- SPACs are now dealing with a much wider range of companies.

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