What is a SPAC?
14m
·
Go Broke Investing
·
Special Purpose Acquisitions Company or SPAC's have become popular recently as they provide substantial returns for investors, but what is a SPAC exactly. In this episode we break down what type of financial tool they are and why its important to new investors. One of the more recent SPAC's, ticker symbol DWAC, price spiked over 800% after the announcement of Trump's Truth Social Media acquisition.
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