SPACs May Cast Wider Net As Competition For Targets Increases

Electric vehicle and greentech companies have proven to be the sweethearts of the SPAC universe thus far when it comes to merger targets, but the question remains: where could they look next?

In the last 15-plus months, more than 550 special purpose acquisition companies, or SPACs, have gone public. Of those, more than 400 are still actively seeking their target, according to SPACInsider. While not all of those SPACs are looking solely at tech, the sector has proven  popular with the new financial tool. READ MORE