SPAC-handed compliment: The Wellesley Grove Journal
By
Money Marketing
15
SPAC-handed compliment
As WGJ headed to the printers just hours before the Budget, much noise was being made about whether Rishi Sunak would take the opportunity to open up the UK’s listing regime to so-called special-purpose acquisition companies, or SPACs.
The ‘well-timed but badly targeted press release of the week’ award goes to adult camera website Stripchat.com, which announced the launch of its own SPAC for the adult entertainment industry.
“The SPAC trend has taken the world by storm,” said Stripchat’s Max Bennet .
“We’re excited to be the first adult technology investors planning to launch a blank-cheque company focused on this space.