Canada’s SPAC ‘debacle’: How a shortcut to market has spelled trouble for companies and investors

2026-02-27 - 11:13

In the deal-frenzied months after the onset of the pandemic in 2020, hundreds of companies across North America took advantage of an investment craze promising quicker, cheaper access to stock markets with less regulatory scrutiny. Special purpose acquisition companies, or SPACs for short, are essentially shells that raise capital and list on public markets first, and then seek out promising private companies to buy later. Read More