SPAC stands for Special Purpose Acquisition Company. I look at pre-merger SPACs, those that have not closed on a business transaction as a stock that is fixed-income like, says David Sherman of CrossingBridge Advisors. David explains SPAC liquidation dates, redemptions, and how to find yield opportunities. He stresses the importance of the redemption date. He discusses their pre-merger SPAC ETF (SPC) and how they manage it. Tune in for the full discussion on how to choose a SPAC.