August 1, 2020 - 6:00 AM EDT
Why Artius Acquisition Is a SPAC Worth Watching
Why Artius Acquisition Is a SPAC Worth Watching

A special purpose acquisition company (SPAC) is a publicly traded shell company with no operating business created with the intention of taking a company public through acquisition. Once a SPAC completes an acquisition, it changes its name to the company it just acquired.

Traditionally, companies seeking to gain access to the public markets go through an initial public offering; however, SPACs have some advantages which help companies get public quicker. As a result, SPACs have seen significant interest from both companies looking to raise capital and investors seeking to invest in newly public and growing companies.

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Source: Motley Fool (August 1, 2020 - 6:00 AM EDT)