Chamath Palihapitiya is Winding Down Two SPACs After Failing to Reach Deals By Investing.com
© Reuters. By Senad Karaahmetovic Chamath Palihapitiya, CEO of Social Capital, has said today he is winding down two investment vehicles after failing to find a target company. Two special purpose acquisition companies (SPACs), IPOD and IPOF, are shutting down with funds raised being returned to their respective shareholders. “Over the past two years, we …