The SPACtacular Rise of the Special Purpose Acquisition Company: A Retail Investor’s Worst Nightmare

By Bobby V. Reddy December 13, 2021 by Bobby V. Reddy

The special purpose acquisition company, or SPAC, is a company with no commercial or operating history that has listed on a stock exchange with the sole objective of raising financing to identify and acquire another company. SPACs developed after the …

More Than Meets the Eye: Reassessing the Empirical Evidence on U.S. Dual-Class Stock

By Bobby V. Reddy May 12, 2020 by Bobby V. Reddy

Since Google (now Alphabet) issued dual-class stock at its IPO in 2004, the subject has been vigorously debated throughout the world. Unlike firms whose shares all have equal voting rights (“one-share, one-vote firms”), companies with dual-class stock allow a founder …

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Bobby V. Reddy

The SPACtacular Rise of the Special Purpose Acquisition Company: A Retail Investor’s Worst Nightmare