Special Purpose Acquisition Companies Poised To Shake Up The Media Space — Deadline Disruptors
deadline.comSpecial purpose acquisition companies—known as SPACs—have been all the rage in the world of investment for the last two years, and they’ve made a mark in the media space, but is the trend slowing down?Known as ‘blank check companies’, SPACs are publicly traded investment vehicles that raise capital solely to acquire existing companies.
They are often fronted by a well-known figure and are seen as a simpler alternative to going public via an IPO. They can also provide everyman investors with an opportunity to tap into the high growth that some companies experience in their early years.
At the same time, of course, a disappointing debut can register significant losses.In some instances, SPACs will be announced with specific investment targets in mind, like when Virgin Galactic completed a successful SPAC merger in 2019 and launched a trend of similar endeavours across the past two years.
On other occasions, the SPAC will launch without disclosing specific targets, instead offering investors insight into its wider strategy.Deadline Disruptors At Cannes: Read Them All HereLast year, former Reliance Entertainment CEO Shibasish Sarkar, one of the biggest names in the Indian media landscape, left the company to launch his own SPAC, International Media Acquisition Corp.
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