Key Insights From The SPAC Frontlines
Last year was the year of the SPAC. At least, it was for CuriosityStream; we took the company public via a SPAC merger and public offering in October. SPACs, or Special Purpose Acquisition Companies, have been used as alternative investment vehicles for decades, but they have largely flown under the radar as a mechanism or path for going public. But thanks to well-known, established business leaders such as Bill Ackman and Richard Branson, SPAC deals have exploded, accounting for nearly 50% of U.S. IPO activity.
For CuriosityStream, going public via SPAC was attractive for several reasons. As a fast-growing company,