SPAC, a ‘blank check company’ and full of accounting questions

SPAC company

A SPAC, short for Special Purpose Acquisition Company, is a company without activities that goes public. The phenomenon has been around for years, but especially gained enormous popularity during the year 2020 due to COVID-19. About half of the IPO’s in the United Stated were SPACs, raising approximately $76 billion in capital. Much has been […]