What Is a SPAC? Special Purpose Acquisition Companies Explained

January 5, 2023 Beginner
Learn what special purpose acquisition companies (SPACs) are and why they're popular.
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Opening Market Update

Nonfarm Payrolls beats analyst expectations with 199,000 jobs created in November while unemployment dipped to 3.7%, quickly sending Treasury yields higher as stocks dipped.

Closing Market Update

Investors saw past stronger-than-expected jobs numbers and focused on chances for a better economy in the coming year.

Market Outlook: What's in Store for 2024?

As we approach 2024, what can investors expect from the markets in the new year?

This material is intended for informational purposes only and should not be considered a personalized recommendation or investment advice. Investors should review investment strategies for their own particular situations before making any investment decisions.

All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.

Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.

Whether you are investing in a SPAC by participating in its IPO or by purchasing its securities on the open market following an IPO, you should carefully read the SPAC's IPO prospectus as well as its periodic and current reports filed with the SEC pursuant to its ongoing reporting obligations.

Investing involves risks, including loss of principal.

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