"SPACs are publicly traded holding companies. They exist to raise capital and then acquire private firms that are already producing goods or services. In the process the SPAC turns the company it acquires into a publicly traded firm without having to go through the lengthy and expensive process of an IPO "

SPAC vs. IPO: Key Differences -
https://www.yahoo.com/now/spac-vs-ipo-key-dif...20an%20IPO.

Doc had said in one of the videos that, to paraphrase, 'Its kinda like an IPO.'
So would UNVC = 'The holding company'?