Essence Magazine:
By Jasmine Browley ·Updated November 9, 2021
Have you ever heard of a SPAC? If not, you’re not the only one.
It’s a fairly new type of investment vehicle that is becoming more and more popularized. Investopedia describes it as a special purpose acquisition company, also known as a “blank check company” with the purpose of acquiring a private company, thus making it public without going through the traditional initial public offering process.
Although there’s been a
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