"SKINNY" LEFT-TAILED SPACS
Why the left-tail of SPACs have been cut off and how to profit from it
By now, most of us know about SPACs. These Special Purpose Acquisition Corporations (SPACs), sometimes also known as blank cheque companies, are all the rage right now. The sponsor raises money that sits in treasury bills until a deal that shareholders approve is found. If there is no deal, then shareholders get their money back (along with the inter…