Guides
SPAC guides
How the structure actually works, written from the filings. Start with what a SPAC is, then the mechanics you meet when you own one.
What is a SPAC? The structure, the economics and the risks
A special purpose acquisition company raises money in an IPO, holds it in trust, and has a fixed window to merge with a private business or give the money back. Here is how the structure works, who earns what, and where the risks sit.
Sep 4, 2026
Reading filings
How to read a SPAC prospectus in ten minutes
A 300-page prospectus contains about eight numbers that matter. Here is where each one sits, what it tells you, and which pages you can skip.
Sep 4, 2026
Mechanics
SPAC redemption: how it works, and when to use it
The redemption right is what makes a pre-deal SPAC low risk. Here is the mechanism, the deadlines, and the arithmetic that decides whether to take the cash or stay in.
Sep 4, 2026
Analysis
How to evaluate a SPAC sponsor
The sponsor decides whether a vehicle closes anything. Here is what their record actually tells you, and what it does not.
Sep 4, 2026