• Sep 05, 2024

Andretti Returns to SPAC Arena as Blank-Check Market Heats Up

(Bloomberg) -- Former IndyCar driver Michael Andretti is back with another blank-check firm as the US market for a once-hot investing trend shows new momentum with mostly seasoned backers attracting billions in cash.Most Read from BloombergThe Outsized Cost of Expanding US RoadsHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatMadrid to Ban E-Scooter Rentals, Following Lead Set in ParisWorld's Second-Tallest Tower Tests Malaysia's Appetite