What's the Deal with SPAC"s?

There are a lot of new types of investments we find clubs are getting into without really knowing a lot about them, including the tax consequences of owning them.

One of them is SPAC's or Special Purpose Acquisition Companies.

This short, easy to watch video from Gary Gensler, Chairman of the SEC, discusses SPAC's. Though it doesn't discuss tax issues, it presents some other points to consider if your club is considering investing in them.

What is a SPAC Anyway?

Laurie Frederiksen
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