SPAC

Special Purpose Acquisition Company - A Special Purpose Acquisition Company (SPAC) is a shell corporation specifically created to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company. Once the funds are raised, the SPAC identifies a target company to acquire, and if the acquisition is successful, the SPAC effectively takes the acquired company public.

Class Information

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Identification

IRI: https://folio.openlegalstandard.org/R9uzjRTP8QeY8QG9zT9rMU0
Label (rdfs): Special Purpose Acquisition Company
Preferred Label: SPAC
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Definition and Examples

Definition: A Special Purpose Acquisition Company (SPAC) is a shell corporation specifically created to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company. Once the funds are raised, the SPAC identifies a target company to acquire, and if the acquisition is successful, the SPAC effectively takes the acquired company public.
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Class Relationships

Sub Class Of: Business Entity Characteristics
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Additional Information

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Deprecated: False

Metadata

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