This SPAC Stock Is Down Over 60% but Here's Why It's Still a Buy

·4-min read

Digital-payments platform Paysafe Limited (NYSE: PSFE) went public in March via a special-purpose acquisition company (SPAC). This kind of investment vehicle was very popular among investors in 2020 and in early 2021, but lately SPACS seem to have lost their luster. Many high-flying SPACs have fallen in recent months, including Paysafe.

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