Grasso on SPACS: 'Fluff concept,' disaster for investors
April 13, 2022 at 23:21 PM EDT
As the number of companies going public by reverse-merging with blank check entities or "SPAC"s slows dramatically from their feverish pace of just six months ago, former New York Stock Exchange CEO Richard Grasso is skewering the investment trend he says has left many investors holding the bag.
