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SPAC: Difference between revisions
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{{a|g|}}{{d|SPAC|/spæk/|n|}} <br> | {{a|g|}}{{d|SPAC|/spæk/|n|}} <br> | ||
1. ''Playground slang'': (''Also “spack”'') Someone who could do with | 1. ''Playground slang'': (''Also “spack”'') Someone who could do with slapping upside the head with a fish of some sort. One who invests in a [[special purpose acquisition company]]. <br> | ||
2. ''Finance'': A [[special purpose acquisition company]], also known as a “blank check company” is an [[espievie]] that is listed on a stock exchange — thus, being a publicly listed company — that is organised with the purpose of acquiring a private [[company]] by a type of merger, in the process making the private company public without it having to go through the traditional, painful, expensive [[initial public offering]] process. | 2. ''Finance'': A [[special purpose acquisition company]], also known as a “blank check company” is an [[espievie]] that is listed on a stock exchange — thus, being a publicly listed company — that is organised with the purpose of acquiring a private [[company]] by a type of merger, in the process making the private company public without it having to go through the traditional, painful, expensive [[initial public offering]] process. | ||