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SPACs, also known as a special purpose acquisition company or blank check company, are exploding. In 2020, there were 248 SPACs, which was four times more than the previous high of 59 in 2019, according to Spacinsider.com. Already in 2021, there have been 189 SPACs, as of press time.

One of the primary beneficiaries has been proptech.

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