Understanding SPACs: History and Function
This episode delves into the concept of SPACs (Special Purpose Acquisition Companies), also known as blank check companies. It traces the roots of SPACs back to the Dutch East India Company and explains their function of creating public entities to merge with private companies.
The episode also highlights the formalization of SPACs in 2009 following the SEC's approval of the current regulatory framework.
Disclaimer: Joshua Wilson is a licensed Florida real estate broker and holds FINRA Series 79 and Series 63 licensure. The content of this podcast is for informational and educational purposes only and should not be considered legal, financial, or compliance advice. All views and opinions expressed by the host and guests are their own and do not necessarily reflect the policies or positions of any regulatory agency, organization, or employer. Listeners should consult their own legal counsel, compliance teams, or financial advisors to ensure adherence to applicable regulations, including SEC, FINRA, and other industry-specific requirements. This podcast does not constitute a solicitation or recommendation for any financial products or services.
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