An investment vehicle that has been around since the 1990s, interest in SPACs has surged this year. A record amount raised for these “blank-check companies” to take private firms public is currently searching for targets, especially in the technology, financial, and healthcare sectors.
A new KPMG paper, 2020: Year of the SPAC, reports on what makes SPACs so attractive but also explains the intricacies of working with them. Key challenges: preparing for audit and reporting compliance as a public company.
