Samantha Lee/Insider
Special purpose acquisition companies, or SPACs, have a limited pool of businesses to buy.
And with more capital chasing startups, not all the deals will be good for retail investors.
Now, some blank-check companies are getting creative in how they source acquisition targets.
The glut of special purpose acquisition companies formed at the start of last year are now more than halfway into their searches for a business to buy. As the clock ticks down, some may be looking to settle for less-than-ideal mates.
In the last 16 months, more than 560 so-called blank-check companies have gone public, according to SPAC Insider data. An overwhelming majority of them, about 415 companies, are currently on the hunt for an acquisition. If the