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Colin Kaepernick Looks to Tackle Social Justice With a SPAC

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Former NFL quarterback-turned activist Colin Kaepernick is charging into the Wall Street Special Purpose Acquisition Company, or SPAC, frenzy.

Kaepernick, a civil rights activist known for “taking the knee” during the U.S. national anthem at the start of NFL games in protest of police brutality and racial inequality when he played for the San Francisco 49ers, is co-sponsoring the SPAC with Jahm Najafi, who runs private-equity firm Najafi Cos., according to a regulatory filing.

Both men will identify businesses in the consumer sector that deliver “a significant impact, financially, culturally and socially” that focus on high-quality brands and have an established customer base in the U.S., the filing said.

The company said Kaepernick possesses a vast network of “high-profile and supportive relationships” which will provide meaningful advantages to successfully source attractive deals.

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