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SPAC Firms Rush To Liquidate … Has The Boom Ended?

Since the beginning of December, around 70 special-purpose acquisition companies (SPACs), have liquidated and returned the money to the investors. A SPAC firm, a.k.a blank-check company, raises money to merge with a private company to take it public. After regulatory scrutiny, the company going public replaces the SPAC in the stock market. 

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