ACQ2 by Acquired cover image

Primer on SPACs with Kevin Hartz and Troy Steckenrider of A* and AONE

ACQ2 by Acquired

CHAPTER

Understanding SPACs: Formation and Funding

This chapter offers an in-depth look at the formation process of Special Purpose Acquisition Companies (SPACs), detailing key steps like legal preparations and fundraising through IPOs. It highlights the distinctive characteristics of SPACs, such as trust accounts and PIPE transactions, which enhance investor security and blend traditional investment strategies with new partnerships. Additionally, the chapter explores the evolving landscape of SPACs, emphasizing the shift towards long-term relationships with investors and the implications of warrants in the SPAC structure.

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