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Main Street Investors Are Now Able to Co-Found Their Own SPAC

  • SPAC sponsor equity is traditionally injected by founders
  • Sponsor shares often offered at a discount, resulting in gains
RF markets stocks
Photographer: Chuanchai Pundej/EyeEm/Getty Images

For the first time, Main Street investors can be part of raising a blank-check firm of their own.

A new special purpose acquisition company, dubbed The People’s SPAC, is seeking to disrupt the status quo, according to people with knowledge of the matter and a presentation obtained by Bloomberg.