A SPAC is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
A SPAC is generally formed by a group of investors, called sponsors, with a strong background in a particular industry or business sector. They raise funds from other investors, and use the money to acquire an existing, privately held company — and then take it public as an IPO.
• Comparison to Traditional IPO Process
• Trust Account
• Private Equity Participation in SPAC
• The Acquisition Target
• SPAC by Industry
• SPAC 2020
• SPAC M&A
• SPAC Statistics
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