Luminar founder and CEO Austin Russell after the company went public via SPAC on Dec. 3, 2020.
CBS MarketWatch declared 2020 the year of the SPAC (Special Purpose Acquisition Corporation). A record 219 companies went public through this fundraising vehicle that uses a reverse merger with an existing private business to create a publicly-listed entity. This accounted for more than $73 billion of investment, providing private equity startups a new outlet to raise capital and provide shareholder liquidity.
At the end of the day, Flett said the market is cyclical and the window of opportunity will eventually close. “As some of the speculative bets burn investors and yield alternatives appear, the SPAC market will slow.”
The post Inside the SPAC craze and its potential impact on robotics appeared first on The Robot Report.
Article From: "Oliver Mitchell" Read full article »
Hire with PACE
The PACE robotics team specializes in placement for robotics, autonomous systems and industrial automation. Contact us today and let PACE find the talent to take your organization to the next level.
Talented Engineers Wanted
PACE aligns elite companies with the best and brightest, and we are always finding new opportunities for technical talent in Boston, Massachusetts, and New England. Submit your resume and let PACE start working for you.
