SPAC vs IPO: What's the Difference?

Recently, there has been a huge uptick in companies going public via a SPAC instead of an IPO. What are the benefits of a SPAC and how is it different from an IPO?
Topics:
0:00​​​​​​​ - SPACs vs IPOs
0:25 - What is a SPAC?
1:05 - Why SPAC instead of IPO?
3:46 - Why SPACs will continue

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Edited by Aaron Thompson