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A-Rod's New $500 Million SPAC

A-Rod's New $500 Million SPAC

Alex Rodriguez has filed to raise $500M for a sports-focused SPAC, but what does he intend to target?

Joe Pompliano
Feb 05, 2021
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A-Rod's New $500 Million SPAC
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Every morning I write an email discussing the business and money behind sports. If you would like to receive it directly in your inbox, subscribe now.

Friends,

Last spring, mobile sports betting operator DraftKings went public via SPAC, a blank check company that raises money in an IPO intending to acquire an operating business.

The result?

With the stock u…

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