What does SPAC mean in the context of cryptocurrency?

1 answers

• Mar 18, 2022 · 3 years ago
  SPAC, also known as Special Purpose Acquisition Company, has recently made its way into the cryptocurrency industry. It is a type of investment vehicle that raises funds through an IPO with the intention of acquiring or merging with another company. In the context of cryptocurrency, SPACs have become an alternative route for crypto companies to go public. By merging with a SPAC, a crypto company can bypass the traditional IPO process and gain access to public markets. This can provide more liquidity and exposure for the company, as well as potentially attract more investors. However, it's important to carefully evaluate the credibility and potential risks associated with a SPAC before investing.
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