Former baseball superstar Alex Rodriguez is the latest high-profile name to throw his hat in the SPAC ring, with a launch of his own “blank-check” company called Slam Corp, according to a SEC filing.
SPACs are investment vehicles that raise funds from investors which are then used to acquire a private company and bring it public.
Rodriguez will lead the Slam Corp. SPAC as its CEO, and is seeking an acquisition within the sports, media, entertainment, health and wellness and consumer technology sectors.