Blank-Check Companies: Be Careful

By Ruth Saldanha of Morningstar

If you’ve been following IPO news, or stock market news, or any investment news over the past six months, you will have heard references to blank-check companiesspecial purpose acquisition companies, or SPACs. Most recently, you might have heard about them in the context of General Motors (GM) and Nikola (NKLA).

Here’s the backstory…. Read More