These types of deals are occurring more often as a less costly and more efficient go-public strategy.
Recall in November how
Caliva and entrepreneur Shawn Carter (aka Jay-Z) inked the largest ever SPAC deal with
Subversive Capital Acquisition Corp. (OTCQX:SBVCF). The SPAC would acquire Caliva and Left Coast Ventures for a respective $282.9 million and $142.2 million.
But SPACs must clear several hurdles in 2021 to remain a popular and effective investment alternative.
SPAC Deals May Close In Just A Few Months
The traditional initial public offering (IPO) process is expensive and time consuming. SPACS allow companies to go public without spending as much money or time on the process.