From 2020 through 2022, about 950 companies went public via special purpose acquisition companies (SPACs). Quite frankly, many of them went public at ridiculous valuations and had no clear paths to profitability. In fact, according to an index that tracks completed SPAC mergers, the typical companies that went public through this method fell by nearly 75% in 2022 alone as investor appetite for risk collapsed.

Many of these companies are trading for 90% or less than their initial valuation. Others have been forced to delist or complete reverse splits to remain on major U.S. stock exchanges. And some have collapsed entirely, losing 100% of their shareholders' money.

On the other hand, there are a select few that have proven to have solid business models that still look extremely promising as long-term investment opportunities. Here are two, both of which I own in my personal stock portfolio, that could turn out to be home runs for patient investors.

Continue reading

Source Fool.com