SPACSs: Weighing the Benefits

Workers unwrapping the Christmas tree at Rockefeller Center last month found a little present. The 75-foot high Norway spruce from Oneanta, NY was sheltering what appeared to be a baby owl.

The stowaway turned out to be an adult northern sawhet that hid in the branches until it was discovered. No word whether “Rocky” planned other holiday stops on his NYC tour.

Year-end festivities do include more SPAC closings. “There’s been a significant surge of activity on the front end,” one SPAC lawyer commented, “so there needs to be an increase in [merger] activity.”…

▶︎ Read Dec 7 2020 newsletter: here

▶︎ Chart of the Week: here (by