This "Baby Berkshire" Is Getting Into the SPAC Game -- Here's How to Invest

2020 is shaping up to be the year of the special purpose acquisition company. This new and unconventional way for companies to go public has really caught on. Known as a "blank check" company, a SPAC raises capital from investors with the goal of merging with a private company to bring it to the public markets.

As of mid-September, 82 SPACs had gone public in 2020, raising $31 billion of investor capital in the process. There have been several more since then, and more are on the way. High-profile companies such as Virgin Galactic Holdings, DraftKings, and Nikola have all gone public via SPAC mergers, and investors are clamoring to get in on the next big SPAC deal.

Just recently, Boston Omaha Corporation (NASDAQ: BOMN), the holding company that has often been compared to an early Berkshire Hathaway, filed registration paperwork for a SPAC of its own.

Source Fool.com