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SPACs (Special Purpose Acquisition Company)Are “pools” of capital held by a publicly traded companies that raise capital via an IPO. The purpose of these companies are to acquire an asset or business within a specific industry. SPACs allow management teams with historical track records to obtain under managed/valued companies and unlocked value in them. |
Jesup & Lamont Securities Corporation is a member of FINRA (www.finra.org) and a member of SIPC (www.sipc.org). SIPC provides protection of up to $500,000, including a maximum of $100,000 for cash balances. SIPC does not guarantee the future value of any security.
