Here’s everything investors need to know about SPACs – The Australian Financial Review

When they launch the SPAC, the sponsors generally either dont have a specific target in mind, or theyre not ready to name it in order to avoid the extensive paperwork and disclosures required by the Securities and Exchange Commission (SEC).
The early-bird underwriters and institutional investors, and the individual investors who generally come in later, typically have no idea exactly how the sponsors will spend the money. So early investors are basically relying on the sponsors reputation in th…

Click here to view the original article.