When SPACs Attack! A New Force Is Invading Wall Street. - The Wall Street Journal

It’s called a SPAC, and increasingly it is the favorite source of financing for private companies looking to go public.

went public through a SPAC in 2019, and sports-wagering firm DraftKings Inc.

“If you don’t have your own SPAC, you’re nobody,” said Peter Atwater, founder of research firm Financial Insyghts.