ATW #2423 – Reverse Merger Mania
August 4th, 2020 at 10:30am
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PANEL:
Steve Girsky, VectoIQ
David Welch, Bloomberg News
John Stoll, The Wall Street Journal
John McElroy, Autoline.tv
Automotive startups have discovered a new way to raise a lot of money fast. They’re called reverse mergers, which involve what are called blank check companies, also known as SPACs, or Special Purpose Acquisition Companies. If you have not heard of reverse mergers, you’re going to. They’re the hottest topic in the investment community.
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