Investors burned by SPAC deals in 2020 and 2021 are wary, but “SPAC King” Chamath Palihapitiya is back with American Exceptionalism Acquisition Corp. A (AEXA), seeking a deal in AI, energy, defense, or decentralized finance. Initial public offering valued the company at $345 million. Palihapitiya aims to address past SPAC issues and limit retail investor involvement. Sectors targeted for a potential deal include artificial intelligence, energy, defense, and decentralized finance. AEXA SPAC is designed not to be a meme stock and is smaller than Palihapitiya’s previous efforts. The success of AEXA stock hinges on investor belief in Palihapitiya’s ability to learn from past SPAC experiences.

Read more at Yahoo Finance: Chamath Palihapitiya Is Back in the SPAC Game. Should You Buy His New AEXA Stock Now?