During 2020, a year of surprising strength in the deal industry, one of the most noteworthy market phenomena was the boom in special purpose acquisition companies (SPACs), which are companies expressly formed to acquire operating companies. According to SPACInsider, as of December 19, 2020, 242 SPACs had gone public in 2020, four times the number of SPAC initial public offerings (IPOs) in 2019. Those SPACs had raised an average of $335 million, significantly higher than the amounts raised in prior years. Much of that capital has not been deployed, so there are numerous SPAC acquirers on the hunt for potential
source https://coo.systems/key-considerations-for-ceos-of-potential-spac-targets/
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