Money There’s a trendy way to invest in new public companies, but be sure to understand the risks March 15, 2021March 15, 2021Russ Wiles, Arizona RepublicComments Off on There’s a trendy way to invest in new public companies, but be sure to understand the risks SPACs, or special purchase acquisition companies, have been around for decades. Their recent ascent is spectacular — and eyebrow raising.