In 1999, the stock market was driven by a bonanza in tech during the so-called Dot-com bubble. It was clear that if you pressed in .com in the company name, you could raise capital without major problems. Most companies are forgotten today except maybe Yahoo and the like. This phenomenon is today matched by SPACs and crypto.
In this report, we take a closer look at how a SPAC is set up and by whom, for what purpose it is run and how much it has affected the market.