Powered by

Anyone Who’s Anyone Has a SPAC Right Now

Feb 27, 2021 - The New York Times
Mergers and Acquisitions

A once obscure financial maneuver becomes a celebrity flex.

A once obscure financial maneuver becomes a celebrity flex.

In simpler times, famous-people-turned-entrepreneurs bought wineries or invested in car dealerships — or simply created multi-billion-dollar lifestyle companies on the strength of their family brand.

But in the pandemic economy, there’s a new way for the rich and recognized to flex their status and wealth: through a SPAC. (That’s a “special purpose acq...