Ex-SAC Manager Jason Karp Joins SPAC Rush With Wellness Deal
Tourbillon founder sees demand for healthy lifestyle stocks
Partnership with VC firm Cavu is anything but a ‘side hustle’
Two years ago, Jason Karp exited the hedge fund industry after deciding it was based on a broken model. He’s found a structure he likes better: the SPAC.
HumanCo Acquisition Corp., the blank-check company Karp formed with Cavu Venture Partners, raised $250 million in a stock sale on Tuesday. Now begins the search for a closely held business in the health and wellness industry they can take public via a reverse merger.