It’s a clever way to take a company public: Instead of dealing with the rigmarole of a traditional IPO process, more firms are turning to a “blank check” model. That model involves raising money for a shell company and then using that shell to buy an existing enterprise—a backdoor way to turn a private company public overnight. But I have been warning you about the risks involved. So I decided to make this post to clarify some of the risks assumed when investing in this type of vehicle. I only had 10 slides but the drawbacks are more. By the way, I do have 1 Spac (because like you I also know how to pick the winners 🙄🙄🙄)

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