Long Island Business News spoke with SEC Services Leader David Bukzin about the market's new appetite for special purpose acquisition corporations, or SPACs.

Excerpt:

“We’ve done many SPAC IPOs over the last couple of years,” David Bukzin, partner in charge of the SEC practice group at Marcum, said. “Usually the IPO will be built around a team with certain expertise…Money is put in a trust fund for the benefit of the shareholders who don’t want to stay in the deal,” Bukzin said. “Management has a set time to find a deal. Once they announce a deal, the shareholders get to vote whether to stay in the deal or get their money back.”

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