A Special Purpose Acquisition Vehicle, or SPAC, is another method of taking a company public; known as a blank check, SPACs pool capital and merge with a target to help them onto the market without requiring an IPO.
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An S-PAC, or S-P-A-C
An S-PAC, or S-P-A-C
Is Special Purpose Aqcuisition Company-
Its like a fast track-- to drop an IPO
Through a purchase or merger with intent to grow
And if it don't, investors need not fear
If it flop, get your money back within two years
Still a leap of faith, and kinda hard to sell
Because historically SPACs don't do too well
But they... Grew popu-lar for some time,
But right now, popularity is on decline
Because performance is poor returns are not high
Kinda obvious to me, lemme tell ya why-
It's a shortcut, saves time and money
So everybody do it more than half are dummies
Still its kinda funny when the underwriter losin
I learn from their mistakes, and keep it movin
