Dan Loeb’s SPAC Flop Hasn’t Kept Him Away From Blank-Check Companies

Third Point invested more than $550 million into some of the biggest special purpose acquisition companies last year.

Dan Loeb (David Paul Morris/Bloomberg)

Dan Loeb

(David Paul Morris/Bloomberg)

Dan Loeb’s Third Point, whose SPAC merger with Global Blue was one of 2020’s duds, nonetheless jumped on the blank-check company bandwagon later in the year.

Third Point had more than $550 million invested in SPACs, or special purpose acquisition companies, by the end of last year, according to SPAC Research.

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