The ‘Netflix of Financial Content’ Is Going Public Via a SPAC

Beacon Street Group wants to be a giant in that field. It, and announced a deal to go public via a merger with Ascendant Digital Acquisition (ticker: ACND)—a special-purpose acquisition company, or SPAC—on Tuesday. Investors shrugged off the deal, sending the SPAC’s stock down 6.3%, at $9.92, just below its trust value of about $10 per share.