Incubating a SPAC can seem very odd as most will claim that the costs need to be born by a sponsor.
As usual, this reasoning assumes that whoever has a business idea must be millionaire and this is usually the opposite,
Incubating a SPAC makes a lot of sense, especially when:
- the SPAC has specific characteristics such as a MasterSPAC or a MiniSPAC
- the SPAC Sponsor does not have the funds and thus, can only promote the SPAC.
- there is an intention to organize a SPAC Cascade.
