SPAC: Difference between revisions

SPAC (view source)

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 {{a|g|}}{{d|SPAC|/spæk/|n|}} <br>
-. ''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.
+. ''Playground slang'': (''Also “spack”'') Someone who could do with being slapped upside the head with a fish of some sort. One who invests in a [[special purpose acquisition company]].
+. ''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.
 According to the [[Securities and Exchange Commission]] — that is the competent regulator, by the way — “a [[SPAC]] is created specifically to pool funds in order to finance a [[merger]] or acquisition opportunity within a set timeframe. ''The opportunity usually has yet to be identified''”.