Over the past two years, special purpose acquisition companies (SPACs) have experienced a renaissance in popularity as both an investment and an acquisition vehicle. While SPACs were previously viewed as an investment strategy for institutional investors and hedge funds, their recent popularity has also garnered a great deal of media attention and piqued the interest of retail investors.
Norbert Knutel and
Alex MacMillan explain the rising popularity of SPACs and what this trend means for Canadian markets.
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