What Is a SPAC, Anyway?
The alternative means of going public has drawn the interest of several boutique electric car companies and likely will continue to do so.
By Jim Motavalli Erik McGregorGetty Images
The basic workings of a Special Purpose Acquisition Company (SPAC) is, as the name implies, an entity created for no other purpose than to merge with an existing company that wants to go public. The SPAC, also known as a “blank check company,” raises capital through an initial public offering (IPO) and puts the money in trust for the purchase. Investors bet that down the road the merged entity the existing company, now public will have greatly added value. Typically, the merger, or “de-SPAC,” has to take place within 24 months.
Coinbase Registers 114 8M Shares Ahead of Direct Nasdaq Listing
coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
Japan should consider whether to allow listings through SPACs, govt panel says
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Kraken Exchange Considering Going Public and Plans Stock Market Debut in 2022
coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
Cannabis entrepreneurs, celebrity investors light up as legalization blooms
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.