As seen in Retail Dive
Going public through blank check companies reached a fever pitch this year. Following stricter scrutiny from the SEC, the method’s future remains uncertain.
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Shaq, A-Rod, Steph Curry, Serena Williams. This is not a list of the greatest athletes of all time, but rather a group of celebrities that has jumped on the wave of companies seeking an alternative form of entering the public markets: SPACs.
The recent involvement of these athletes, and notable leaders in the industry like former Gap CEO Art Peck, with SPACs — or special purpose acquisition companies — comes as this vehicle for going public sees a spike in popularity.