More SPACs
Looks like Chamath is going to start blessing us again. I'm putting money aside now for buy & hold trades:
"Chamath Palihapitiya files for four new SPACs, with a new focus - MarketWatch" marketwatch.com/amp/story/cham...
"Chamath Palihapitiya files for four new SPACs, with a new focus - MarketWatch" marketwatch.com/amp/story/cham...
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SPAC Central
| Created By: | Maverick |
| Created: | Jun 21, 2020 |
| Total Followers: | 7 |
| Follow | |
SPACs ("Special Purpose Acquisition Companies") are blank check companies that have cash in them and are seeing a target to acquire. These can be fun because it's a 🕵️♀️ game of who they're going to acquire. It can be profitable if the target company ends up being something in a hot space.
Make sure to do your DD on management behind the SPAC, cash position, and target sector.
Make sure to do your DD on management behind the SPAC, cash position, and target sector.