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SPAC Attack: The 10 Biggest In Healthcare
Spurred by the COVID-19 pandemic and the virtual care boom, special purpose acquisition companies have been on a red-hot streak, triggering a whirlwind of public exit activity for healthcare and digital health startups.
Spurred by the COVID-19 pandemic and the virtual care boom, special purpose acquisition companies have been on a red-hot streak, triggering a whirlwind of public exit activity for healthcare and digital health startups.
SPACs, also known as blank-check companies, allow an operating company to list on the public market through a reverse merger.
As COVID-19 created uncertainty in public markets, 2020 saw a surge of new shell corporations designed to take companies public without going through the lengthy process of a traditional IPO. SPACs can offer a quick way to lock in valuation and deal size, experts say.
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