The Cleantech SPAC Attack

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By The Interchange: Energy Conversations From GTM and Greentech Media. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

The market for initial public offerings dropped way down this year. Or did it? There is a surge in activity in a different kind of IPO: a special purpose acquisition company, or SPAC. It’s also known as a reverse merger.

These are shell companies listed on exchanges with a mission to buy private companies and convert them into public ones.

According to a tally from Barron’s, there have been 70 IPOs through this method in 2020, with proceeds totaling $27.7 billion.

It’s creating a path for little-known, pre-revenue cleantech companies to get access to public markets. Does all this frothiness make sense? And why now?

The Interchange is supported by Schneider Electric, the leader of digital transformation in energy management and automation. Schneider Electric has designed and deployed more than 300 microgrids in North America, helping customers gain energy independence and control, while increasing resilience and reaching their clean energy goals.

We’re also sponsored by NEXTracker. NEXTracker has more than 30 gigawatts of resilient and intelligent solar tracking systems across six continents. Optimize your solar power plant.

166 episodes