Almost everything you need to know about SPACs

Feeling like you should better understand special purpose acquisition vehicles – or SPACs — than you do? You aren’t alone.
It isn’t like you’re totally clueless, right? You’re probably aware that Paul Ryan now has a SPAC, as does baseball executive Billy Beane and Silicon Valley stalwart Kevin Hartz. You likely know, too, that brash entrepreneur Chamath Palihapitiya seemed to kick off the craze around SPACs — blank-check companies that are formed for the