Here is an article from the June 15 NY Times about SPACs acquiring electric transportation companies. The SPAC has not done well and the article paints a bleak picture of the company. You can find many similar articles recently. The article on SPACs that is in your advance materials is from the SEC Acting Chief Accountant , Paul Munter, who is very careful about the risks that SPACs face especially given that the SEC has not provided much recent guidance on accounting and disclosures.
I would like you to do some research on a SPAC that interests you and briefly summarize the terms and the risk profile. Keep it brief with one page or less. As you think about risk, think about what we have learned; early stage companies that are pre revenue, companies with complex accounting such as revenue recognition, forecasts of very significant sales growth- these would all represent higher risk.
Requirements: one page or less single space