SPAC LUMAscape
Introducing the SPAC LUMAscape. SPACs or blank check companies have been around for decades but the vehicle exploded in 2020 with record IPOs totaling more than $86 billion. The SPAC LUMAscape maps this ecosystem with over 250 SPACs based on three stages: ACTIVE: Funded SPAC entities in search of a target. There are over 180 such companies across 7 categories that currently have $63 billion in cash. Note that a typical SPAC will lever up their cash with PIPE financing to merge with an entity with an enterprise value averaging 5x the size of the SPAC.Keep Reading