SPACs: Colorful blank checks
For Thanksgiving the noted sommelier and “lifestyle director” Sara Lehman reviewed eleven wines – cabernets, pinot grigios and rosés – all under $10.
Selections came from Trader Joe’s (“It’s reminding me of apple juice”), Costco (“Give it a nice swirl first”), and BJ’s (“I’m getting some barnyard”). The winner? Target: “If I were to bring something less expensive to my friends.”
$10 prices reminded us of SPACs. These ‘blank-check’ companies differ from regular-way IPOs by being priced at $10/share, and floating from there.
SPACs sponsors are seeking investments in colorful sectors…
▶︎ Read Nov 30 2020 newsletter: here
▶︎ Chart of the Week: here (by spacresearch.com)
Latest news
Software, consumer-related direct lending deals fell in H1'26
The software and technology sector, the second-most-active sector in 2025 at 17% of total deal activity, slid to fifth place in the first half of 2026.
Unconquered Territory
With most of the map still unexplored, there’s room for a sequel.