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It is the latest example of high-profile financiers launching Spacs this year amid a surge in demand for the products during the pandemic
The money earned in 2020 through Spacs amounts to 48% of total US IPO proceeds
The new fund is the latest in a long line of Spacs launched during the pandemic
Deutsche Bank is the sole bookrunner on the deal in which CONX is offering 100 million units at $10 each