For used-car players, going public through SPAC can mean more capital, less risk
CarLotz location near Chicago. Photo courtesy of company.
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Wednesday, Dec. 16, 2020, 09:45 PM
Joe Overby, Senior Editor
CARY, N.C. -
If you’ve heard the term “SPAC” a lot in the used-car market this year, you’re not alone. The term refers to a “special purpose acquisition company,” and at least two well-known used-car players have merged or announced plans to merge with publicly traded SPACs as a means of going public this year. They're taking […]