Without aid from SPAC newly established companies find it very hard to go public. Dozens of SPAC (special purpose acquisition companies) have helped hundreds of startups raise billions for their projects by offering their shares to the public.
Today let’s talk about another SPAC, Artius Acquisition (AACQ) that is in talks to practice a merger with Origin Materials, the company that extracts chemicals from plants to produce bio-degradable plastic. Of course, the public is very happy to give even billions to the IPO making Origin materials. However, the process to conduct the deal isn’t always going smooth because of various interests from both sides.
Let’s hope Artius and Origin Materials could compromise their extreme interests to save the world from pollution which is mainly backed by plastic products like bags, toys, hardware, utensils, and many more. Especially “green” investors love such a merger and soon Artius shares may go up crazily like EV-related SPAC.