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Posted On: 10/26/2021 9:34:11 AM
Post# of 86950
A special purpose acquisition company (SPAC) is formed to raise money through an initial public offering (IPO) to buy another company.
At the time of their IPOs, SPACs have no existing business operations or even stated targets for acquisition.
Investors in SPACs can range from well-known private equity funds and celebrities to the general public.
SPACs have two years to complete an acquisition or they must return their funds to investors.
At the time of their IPOs, SPACs have no existing business operations or even stated targets for acquisition.
Investors in SPACs can range from well-known private equity funds and celebrities to the general public.
SPACs have two years to complete an acquisition or they must return their funds to investors.
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