Investing in a special-purpose acquisition company, or SPAC, that hasn’t yet identified which business it plans to take public might seem highly speculative. And in some ways, it is.
However, investing in a predeal SPAC can certainly make sense in some cases. In this Jan. 21 Fool Live video clip, Fool.com contributor Matt Frankel, CFP, who owns several predeal SPACs himself, explains to fellow contributor Brian Withers why this can make sense and what investors should pay attention to.
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Matt Frankel: First of all, let’s just t