Commercial Awareness with Watson’s Daily business and financial news cover image

Episode 467: the red-hot used EV market vs the death of SPACs…#WeAskWatson

Commercial Awareness with Watson’s Daily business and financial news

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What Are Spacks?

A spack stands for special purpose acquisition company. They go round to other investors and say, we're also invester a. Give us your money, and we'll buy something really amazing. And they theno, get a massive pile of cash, and then they go shopping. The main problem that's been happening over the last year or two is that there've been lots of these companies coming along with wildly unoptimistic predictions. But once they'e floated, they have er, it's then come to pass. So i think we'll move on to the next topic quickly.

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