By Amber Deter Healthcare SPACs are bringing new opportunities to market for investors. As an industry known for innovation and medical breakthroughs, the healthcare sector is increasing in popularity. And SPACs are helping investors get access.
What is a SPAC?
SPAC stands for special purpose acquisition company. They’re also known as blank-check companies. SPACs don’t have business operations. Instead, the company goes public to raise funds. That money is then put into a trust while the SPAC looks for a company to acquire.
SPACs usually have two years from its IPO to find an acquisition. Once the SPAC finds a company to acquire and both parties …read more
