Rise of the SPAC
Venu Raghavan of Wasson Enterprise on 2021’s booming market for blank check companies
DiffuseTap Virtual Event Series – May 12, 2021
“With SPACs, you’re seeing companies that require a certain level of financial health and financial profile as well. But the other thing that you are seeing with SPACs though, is that companies that traditionally wouldn’t have gone public — except in the area of biotech, where you’re looking at earnings well into the future — have been able to go public via SPAC.” – Venu Raghavan, WE
Special purpose acquisition companies raised more funds in Q1 alone than for all of 2020. So, are SPACs a fad or are they here to stay?
Last time on DiffuseTap, Venu Raghavan, VP of Strategy and Development at Wasson Enterprise, shed light on the SPAC boom, what accounts for the renewed popularity of blank check investment vehicles, and what the recent SEC clampdown means for aspiring SPAC sponsors.
Listen to the full audio or download last week’s event transcript here.
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