Derek Malmberg

July 16, 2021 | Daily Business Review

Commonly referred to as "blank check" companies, SPACs raise funds through an initial public offering (IPO) and search for a "target" company to acquire, and often raise additional funding for the deal through private investment in public equity (PIPE). When that target company merges with the SPAC, it becomes a public company.

By Derek Malmberg and Jeremy Hurwitch

5 minute read