As compared to operating company IPOs, SPAC IPOs are typically a slower process.

Group of answer choices

True

False

2.

What is the primary purpose of a SPAC?

Group of answer choices

To take a company public and bypass regulation

No answer text provided.

To serve as a blank check company, meaning the SPAC owns nothing itself

To raise capital in an initial public offering with the purpose of using the proceeds to acquire one or more unspecified businesses or assets

To help the rich get richer

3.

In a typical SPAC IPO, the public investors are sold units, each comprised of one share of common stock and a warrant to purchase a share of common stock in the future.

Group of answer choices

True

False

4.

How long have SPAC's been around?

Group of answer choices

Past 2 years

Past 5 years

Several Decades

Past 10 years