SPAC Definition
SPAC
DEFINITION
The SPAC is a Special Purpose Acquisition Company. A shell company set up by investors. The purpose of the shell company it to raise money through an IPO (a public company), then eventually purchase a private company. Going public without the IPO process. The SPAC must buy a company within two years, or complete the targeted acquisition within two years. A publicly listed company created for the purpose of buying a private company.
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Arizona Member
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