Special Purpose Acquisition Companies or SPACs for short seems to be the new buzzword in the world of IPO. What exactly is a special purpose acquisition company (SPAC)? How to invest in SPAC? SPAC is essentially a blank-cheque company whose sole purpose is to bring private companies to the public market. They are publicly-listed entities but have NO COMMERCIAL OPERATIONS to speak of. Instead, they raise money in an IPO, keep that in an interest-bearing trust account, and then go about trying to reverse-merge with a private company so that their shares will also become public. Source: Nasdaq The capital is raised through shares and warrants and SPACs typically only have a certain amount of time (typically 2 years) to buy a company or they have to return the capital to shareholders....