Introduction
In an increasingly crowded SPAC playground, there will be ever-increasing competition for the same number of worthwhile targets to merge with. With new special purpose acquisition companies filing to go public on a daily basis, this glut has also made it increasingly difficult for each SPAC to stand out from the crowd and attract investor attention. As SPACs have gained newfound prominence this summer, we have seen everyone from former Speaker of the House Paul Ryan to former Oakland A’s General Manager and Moneyball author Billy Beane join the boards of new SPACs.
In