2min chapter

The Jordan Harbinger Show cover image

606: David Rubenstein | Patriotic Philanthropy and Leading Large

The Jordan Harbinger Show

CHAPTER

What Is a Spack?

Spack stands for special purpose acquisition company. Company raises money from typically individual investors, in a lot of times hedge funds. If you don't like it, you can sell out of it into the public markets within six months after investment is made. It's very lucrative for the sponsors of the spact because they tend to get ten to 20 % of the profits,. at the outset - much more lucrative than you do in the private ecry world.

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