The blank-check boom shows no signs of slowing, but there are reasons to be wary.
Known as SPACs, these shell companies allow businesses to sell shares to the public with different disclosure than usual. What could go wrong?
This year was all about the SPAC.
Special purpose acquisition companies, or SPACs, are helping them and other fledgling companies raise money and gain coveted stock listings.
Amid an economic catastrophe, a few billionaires are still winning.