SPAC
From ACT Wiki
Special purpose vehicles - acquisitions.
Abbreviation for Special Purpose Acquisition Company.
SPACs are companies formed to:
- (1) Raise money from investors, and then
- (2) Use the money raised to acquire another operating business.
See also
- Acquisition
- Cash shell
- Company
- Conduit
- De-SPAC
- Entity
- European Securities and Markets Authority (ESMA)
- Financial Conduct Authority (FCA)
- Listing Rules
- Operating company
- Prospectus Regulation
- Reverse takeover
- Special Purpose Entity
- Special purpose vehicle
- Sponsor
- SSPE