Crowd-Safety Company Evolv Going Public in $1.7 Billion SPAC Merger

Microsoft co-founder Bill Gates and former Florida governor Jeb Bush are two of Evolv’s investors

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Crowd-Safety Company Evolv Going Public in $1.7 Billion SPAC Merger
Microsoft co-founder Bill Gates and former Florida governor Jeb Bush are two of Evolv’s investors
The Blank-Check Boom Poses Pitfalls for Investors
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Private companies are flooding to special-purpose acquisition companies, or SPACs, to bypass the traditional IPO process and gain a public listing. WSJ explains why some critics say investing in these so-called blank-check companies isn’t worth the risk. Illustration: Zoë Soriano/WSJ