A SPAC lawsuit has paved the way for SPARCs, but what’s a SPARC?
Ackman’s reason for pivoting to his SPARC comes in the form of a tweet where he paraphrases a Warren Buffett quote from 1985: “If you find yourself in a leaky boat, oftentimes you are better off switching boats than patching leaks to complete the mission.”
Who’s Bill Ackman?