PSTH - What Is A SPAC And Should You Invest?

• SPACs (special purpose acquisition companies) are all the rage right now.
• The idea behind SPACs is that they can bypass the traditional IPO process, which is a potential win for both companies and investors. The reality fails to live up to the hype.
• SPACs are being used to take highly speculative companies public, often with crazy high valuations and the sponsors not sticking around. SPACs are also often promoted on social media by celebrities.
• Why both the traditional IPO process and the new SPAC trend are "inside baseball" and generally disadvantageous to retail investors.

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