Over 10 years we help companies reach their financial and branding goals. Engitech is a values-driven technology agency dedicated.

Gallery

Contacts

411 University St, Seattle, USA

engitech@oceanthemes.net

+1 -800-456-478-23

Blog

The SPAC Phenomenon and Why it is Here to Stay

With over $50 billion raised by SPACs so far this year, companies that plan to go public have a new option they can take. A significant share of the proceeds will likely go towards tech/FinTech companies. Despite growing concerns that SPACs may be a fad, this phenomenon can be favorable to all the relevant stakeholders including SPAC founders, target company and retail investors. In the short-term, more SPACs will emerge to take advantage of the trend, with some turning out to be bad apples. However, over the long-term we can expect SPACs to undergo natural selection, as visionary SPAC founders with less egregious allocations are preferred and thus can raise larger SPAC deals eventually.