SPAC( Special Purpose Acquisition Company)
SPACs (Special purpose acquisition company) - an alternative to the traditional IPO SPAC has gained traction from the last year with the number of blank cheque companies nearly doubled. The best thing about these corporations is that common people like you and me can launch a SPAC as well. This has gained some recent scrutiny as well from big market players as well as financial regulators around the world. So what is SPAC and why has it gained so much attention? Let's find out. A spac is a corporation formed solely for the purpose of acquiring another company/companies, by raising funds through IPO( initial public offering) . It is a special kind of shell company often called a blank check company as well. Well clearly the name blank check suits the purpose and the characteristics of the company as the collected funds are used to acquire ...