If you aren鈥檛 sure what SPACs are, don鈥檛 worry鈥攜ou鈥檙e not alone.听
A SPAC, or special purpose acquisition company, is a publicly traded company created only to acquire, or merge with, another business seeking to go public. The concept can be pretty confusing to the average investor, but they鈥檝e been rising in popularity as an alternative to traditional IPOs since the 2000s, and have generated headlines as a result of celebrity involvement.
In , professor Sarah Zechman, chair of the accounting division at Leeds and an expert in financial communications and disclosures, explains the risks and opportunities of SPACs and offers insight into why they have become one of Wall Street鈥檚 hottest trends.
See also: Behind the Blank Checks: Leeds Research Takes a Crack at SPACs
鈥淧eople at this point are looking for alternative investments,鈥� Zechman said on the show. 鈥淚've seen a lot of creative investments out there, and SPACs are one of them that are a bit different.鈥�
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