Former House Speaker Paul Ryan Joins Special Purpose Acquisition Company

Video Credit: Wochit News
Published on August 20, 2020 - Duration: 00:37s

Former House Speaker Paul Ryan Joins Special Purpose Acquisition Company

WSJ reports that fmr. House Speaker Paul Ryan will serve as chairman for a special-purpose acquisition company.

Ryan is the latest high-profile person to join the newly popular investing trend.

The SPAC is named Executive Network Partnering Corp.

It plans to raise about $300 million in an initial public offering and trade under the ticker ENPC, according to The Journal.

According to Business Insider, SPACs raise cash in an IPO and distribute the funds in a merger.


You are here


💡 newsR Knowledge: Other News Mentions


Related videos from verified sources

Ryan Reynolds and Paul McCartney nominated for Native American Chief role 00:49
Video credit: Cover Video STUDIO - Published on August 12, 2020 

Acquisitions Transform Mediaocean Into a Global Powerhouse 06:36
Video credit: BeetTV - Affiliate - Published on August 11, 2020 

You might like