Trading Justice 412: SPAC Mania

In this episode, we discuss special purpose acquisition companies (SPAC's) also known as 'blank check' shell corporations. SPAC's have been around since 1993 but their popularity has exploded in recent years. SPAC's are used to turn private companies into publicly traded companies outside of the traditional IPO process. In 2019, SPAC's raised $13.6 Billion in funding, in 2020 that number was $80 Billion and in 2021 so far they've already raised $44 Billion. Listen in as Coach Mark details the history of SPAC's, explains how the process works and discusses some of the opportunities in them. 

Before that, the coaches discuss the current market conditions during our Skyline. Earnings season is near wrapping up as most companies have reported - and beat - on their Q4 numbers. Stocks are at or near all-time highs as stimulus optimism, strong technical charts, and general bullishness have continued. And, bitcoin is near $50,000 per coin after a week of news around corporate adoption from the likes of Bank of New York Mellon, to Mastercard to Canada approving it's first Bitcoin ETF. Listen in as we discuss all the price action and news.

Lastly, Coach Mark has some great quotes that relate to money and investing where Matt and Tim have to guess who said it and 'name that quote'. Play along as we have some laughs during our weekly special segment.

1:12 Market Skyline

53:30 SPAC

1:50:00 Quote This