In this episode, Dan & Ian breakdown the recent market phenomenon, SPACs. SPAC stands for special purpose acquisition company. These companies are referred to as "blank-check companies," in which they raise capital and attempt to execute a reverse merger. After a SPAC announces a target and signs a definitive agreement (DA) the original ticker symbol of the SPAC begins to trade under a new ticker symbol. For example: IPOB now trades under the symbol OPEN. Shareholders will vote on the DA and give their opinions on where they want the SPAC to go. Please continue to do your own due diligence and review management teams extensively prior to making any investments. 

DISCLAIMER: As always, this is not financial advice and this video is strictly for entertainment purposes only. 

Thank you for following along and if this video/podcast brought you value, please consider subscribing.

Follow & Subscribe to The Small Business Experience:
Youtube: https://www.youtube.com/channel/UCgCgrWab2pDhnQ3pZvbI0Zw
Instagram: https://www.instagram.com/smallbusinessexperience
Facebook: https://www.facebook.com/The-Small-Business-Experience-101691538462054
Twitter: https://twitter.com/TheSmallBizExp
LinkedIn: https://www.linkedin.com/company/70527961/admin/
Buzzsprout: https://thesmallbusinessexperience.buzzsprout.com