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538 The Year of the SPAC and What it Means for Hardware

AlleyWatch
Oliver Mitchell @ AlleyWatch 3 place · 01/19/2021 08:27 EDT

The Year of the SPAC and What it Means for Hardware

A record 219 companies went public through this fundraising vehicle that uses a reverse merger with an existing private business to create a publicly-listed entity. This accounted for more than $73 billion dollars of investment, providing private equity startups a new outlet to raise capital and provide shareholder liquidity.

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