When Toby first raised this as a podcast topic, I was immediately taken back to a phrase that my mother would use when I'd misbehaved, but it turns out Toby was talking about something completely different.What Toby was talking about was an alternative investment vehicle for targeted acquisition(s). According to Dr. Google, A SPAC  (Special Purpose Acquisition Company) is a company that has no commercial operations and is formed strictly to raise capital through an initial public offering (IPO) or the purpose of acquiring or merging with an existing company.Disclaimer: Now Toby and I will never claim to be experts in this particular topic, so consider this episode more of an exploration of our knowledge to date....ie: not a lot.But we do think it's an interesting topic and it is certainly getting more favor in North America and Middle East markets and could soon be appearing on the Australian stock exchange.So what you will hear in today's podcast is our novice views on SPACS and a call out to anyone who can add to this topic to reach out and perhaps come on a future podcast as our guest.Any takers out there?