SPACs raise money from investors through a public offering, then use the profits to choose a private company to go public with. SPACs raised $70 billion in North America alone in 2020. The majority of it comes from the hedge fund industry, and the majority of it comes from the hedge fund industry. Portfolio management and investment advising services are provided by FinePoint Capital, a hedge fund based in Boston. FinePoint Capital’s 13F portfolio is worth $533.39 million in total. Virgin Galactic Holdings, Inc., DraftKings Inc., and Nikola Corporation are among FinePoint’s top picks.
Here is Insider Monkey’s list of the 10 best SPACs to buy according to Herb Wagner’s FinePoint Capital. Senior Connect Acquisition Corp. I merges or reorganizes one or more companies by a merger, capital stock exchange, asset acquisition, stock purchase, or other similar business combination. The company was founded in 2020 and currently ranks tenth among the top ten SPACs to invest in. The initial public offering of FirstMark Horizon Acquisition Corp. raised $360 million in October 2020. According to Herb Wagner’s FinePoint Capital, the company was founded in 2020 and is ninth among the top ten SPACs to invest in. Churchill Capital Corp VII is an acquisition firm with a specific aim. The company was created in 2020 and is currently ranked ninth among the top ten SPACs to invest in. With 11.06 million shares valued at $110.72 million, Magnetar Capital is the largest shareholder. Cohn Robbins Holdings Corp. is a special purpose acquisition corporation based in Wilmington, Delaware. CSR Acquisition Corp. was the company’s previous name. According to Herb Wagner’s FinePoint Capital, it ranks seventh among the top ten SPACs to buy. Apollo Strategic Growth Capital II is a special purpose acquisition business based in New York. According to Herb Wagner’s FinePoint Capital, it is ranked sixth among the top ten SPACs to buy. The company is valued at $836.62 million on the stock market. For more details, click 10 Best SPACs To Buy According To Herb Wagner’s FinePoint Capital.
