More Chaos in Washington Could Make SPACs Look Appealing
The newly popular financial structure is having a moment amid growing uncertainty.
Hi! This is Crystal Tse with Bloomberg’s deals team. It feels like a good time not to be at the mercy of Wall Street fluctuations. Investors are bracing for chaos with the U.S. president hospitalized, Covid-19 ripping through Washington, D.C. and a fiercely contested presidential election just weeks away.
That promise of looming volatility dovetails neatly with tech’s new favorite financial structure: the SPAC, or special purpose acquisition company.