Reported 3 days ago
Chamath Palihapitiya, known as the 'SPAC King', has announced his comeback to Wall Street with a new SPAC, American Exceptionalism Acquisition Corp., aiming to raise $250 million. However, in a shift from traditional SPAC marketing, Palihapitiya warns retail investors that their participation should be approached with caution and framed as a high-risk investment, only suitable for those who can afford to lose their entire stake. This marks a significant change in the SPAC landscape post-pandemic, pushing for greater transparency and responsibility in investments.
Source: YAHOO