InvestorPlace
Did you happen to see Barron’s recent article that discussed Bill Ackman’s desire to take X (formerly Twitter) public through his SPARC (special purpose acquisition rights company), a newer twist to SPACs (special purpose acquisition company)? The traditional SPAC raises money in an IPO (initial public offering) and then takes 12-24 months to find a target to merge with. The SPARC first finds the target, and then investors decide if they want to exercise or sell their rights. Ackman believes tha
InvestorPlace