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Primer on SPACs with Kevin Hartz and Troy Steckenrider of A* and AONE
ACQ2 by Acquired
What's the Difference Between a Spack and a Traditional IPO?
Pricing in a spack is a little bit different. You know, u'mlike a traditional book building process for an ipo, where talking to investors sets the price. With spacks, market convention is to go out at ten dollars a share and ars a unit. But just for folks who are sort of wondering what that is, when the spack reverse merges with a company that it brings in and then re labels the whole thing as the, you know, big unicorn type company that it acquires. It's the spack money plus the enterprise value of the start up, plus additional new money from investors in the form of a pipe or a private placement into
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