SPACs are [ Select ] ["space avionics companies (like SpaceX, Blue Origin, etc.)", "special purpose acquisition companies"] and are regulated by [ Select ] ["NASA", "SEC", "CFPB", "the Fed"] . They offer [ Select ] ["a faster and cheaper", "an extended investor roadshow"] alternative to the traditional [ Select ] ["M&A deal", "IPO process", "FDIC review"] . Investors should [ Select ] ["redeem their convertible bonds and receive pro-rata amount of the funds held in the SPAC's trust account", "file paperwork with the FDIC in a timely manner to ensure their SPAC investment is guaranteed", "carefully read the SPACs IPO prospectus as well as its SEC-filed periodic and current reports"]