Author Bio
Evan is a senior technology specialist at The Motley Fool. He was previously a senior trading specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.
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Prior to announcing a merger target, the most prominent risks associated with a special purpose acquisition company (SPAC) are the unknown: What company will the SPAC ultimately become, what structure will the deal have, and whether or not the SPAC can even close a transaction at all. Earlier this month,
ArcLight Clean Transition (NASDAQ:ACTC) announced that it would be merging with Proterra, and the stock immediately doubled, thanks in part to investor enthusiasm surrounding all electric-vehicle (EV) start-ups.