10
Aug
What is a SPAC and what is all the fuss about?
SPAC stands for "special purpose acquisition company" which is a newly incorporated company with no business operations that is formed to raise capital through an IPO with the intention of deploying that capital on acquisitions of businesses. It is also known as a "blank cheque company" or sometimes a "cash shell"1. SPACs are usually established with a management team who have particular experience in a specific sector which the...