The red-hot SPAC market could have an ESG problem.
Securus Technologies, a prison services company that makes profit from charging families of the incarcerated for phone calls, is in talks to go public via merging with Atlantic Avenue Acquisition Corp, according a person familiar with the matter.
While prison services telecoms are less scrutinized than companies that operate correctional facilities, their for-profit nature and their line of business still typically make ESG-conscious investors
Read more on cnbc.com