A SPAC is a high-risk but potentially profitable way to get in on the ground floor of a new stock

Business Insider – In a story about how SPACs operate, Healthy Markets Executive Director Tyler Gellasch is quoted saying “multiple investors negotiating with issuers and underwriters simultaneously, about specific terms like the offering price, executive compensation, underwriter rights, and multiple other issues”. And, “”It helps if a would-be investor has an existing relationship with a SPAC sponsor.” (Full Story).