SPACs Surge: New America Acquisition One Corporation Raises $300M

SPACs, or Special Purpose Acquisition Companies, are experiencing a resurgence, accounting for a third of new US IPOs this year. Backed by the Presidents sons, New America Acquisition One Corporation raised $300 million, focusing on domestic manufacturing, innovation, and supply chains. Many new SPACs target America First sectors like cryptocurrency and quantum computing. Despite recent interest, critics warn of potential risks and regulatory concerns.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.