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by stewbrew 1977 days ago
I think this is a rather oversimplified view of SPACs. Matt Levine recently wrote a nice piece about the magic of SPACs. Here is a paper he cites: https://corpgov.law.harvard.edu/2020/11/19/a-sober-look-at-s...
2 comments
stewbrew 1977 days ago
Unfortunately I cannot edit my comment anymore: Here is the text by Levine: https://www.bloomberg.com/news/newsletters/2021-01-08/money-...
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mkr-hn 1977 days ago
Any talk of magic when it comes to money reminds me of the vague, hand-wavy claims of people peddling pyramid schemes.
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ImprovedSilence 1977 days ago
I mean... read the article before you go off on your soapbox. It's not suggesting that SPACs are "magic" as in pull a rabbit out of a hat. It's actually describing the technicalities of who is paying for what in a SPAC.
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