Is the CPG Industry Getting SPACalicious?

SPACalicious definition make them CPG investors go crazy…it’s hot, hot! Fergie probably never envisioned a world where her song would be used to describe the insane SPAC trend, but I also never expected to hear a rendition of the national anthem like she did at the 2018 NBA All-Star Game, so I think we are even. On the real, SPACs were all the craze in 2020, and it hasn't slowed down in 2021. For those that are scratching their heads at what a SPAC is, it’s an acronym that stands for "special purpose acquisition company" and it essentially flips the traditional IPO process on its head. SPAC launches quadrupled in 2020, reaching almost 250 total. Now, finally SPACs are starting to heat up in the CPG industry, but you might be surprised to know there's a history that dates back to 2016. Time will tell how disruptive the SPACilious trend ends up being to the CPG industry, but it definitely has the industry on skates right now trying to adjust to this new variable.