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Some SPAC Stocks Are Surging

Shares of several blank-check companies have surged in price before any deals have even been announced.

SPAC-mania has officially gripped Wall Street.So far 112 of the special purpose acquisition companies, also called blank-check companies, have gone public this year, raising more than $42 billion, according to is nearly twice the number of SPACs to go public last year and more than triple the total amount

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