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I'm Tracy Allaway.

Tracy Allaway. Tracy, 2020 will obviously be remembered for a lot of things no doubt. You know after the

pandemic the all of the the political stuff that we saw the extraordinary sort of year and economics and the

stock market and everything somewhere down the list maybe like down like 50 or 70 or 90th in terms of like the things that people

look back on, I would say is kind of a year of the spec.

Yeah, certainly, definitely if you're in capital markets, it's the year of the SPAC. And I think I'm trying to remember the latest numbers, but I think it was something like 60 billion dollars

raised in 2020 which was more than the previous 10 years combined.

Yeah. Something like that.

Right so we've just seen this extraordinary surge for people who don't know, it's like these vehicles

where people buy into an IPO and then the company has some certain amount of time to then go out and actually

acquire a company, bring it public, subject to the approval of the people who bought into

the IPO.

We've seen a lot in the electric vehicle space.

We've seen a lot in other technology, other areas.

But just generally, A, it exploded and B, b you know once like many things in 2020 not the

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