SPAC

« Back to Glossary Index

It is the acronym of the term Special Purpose Acquisition Company, which is formed by the investors in the bid to publicly list an organization without going through the troubles coming with the traditional IPO process. They possess no commercial operations and are formed having the purpose of acquiring an existing company. They are usually formed by the group of investors known as the sponsors where they possess the intention of pursuing deals in a specific industry.

« Back to Glossary Index

Check Also

safe-computer

Safe Computer For Crypto Trading Is Important, Get It Now!

Having a safe computer is extremely essential these days in order to stay away from …

AdBlock Detected

Looks like you are using an ad-blocking browser extension. We request you to whitelist our website on the ad-blocking extension and refresh your browser to view the content.