Can Spacs shake off their bad reputation?
Some experts argue the structures of these companies are engineered to attract fraud. Savvy investors think special-purpose acquisition companies, or Spacs, are a way to skip over the expensive and time-consuming IPO process. But, do they actually pay off in the long term? Ortenca Aliaj, Sujeet Indap and Miles Kruppa investigate in the Financial Times.
From Financial Times