SPAC: Special purpose acquisition vehicles are companies with no asset which are IPOed on the StockMarket through a Share issue. They are in fact shell companies with cash. they wait for opportunities to buy Assets or other companies using the cash raised during the IPO and Debt raised on the acquisition date. They then usually go largely into Debt and are equivalent to a listed firm under LBO.
SPAC
SPAC: Special purpose acquisition vehicles are companies with no asset which are IPOed on the StockMarket through a Share issue. They are in fact shell companies with cash. they wait for opportunities to buy Assets or other companies using the cash raised during the IPO and Debt raised on the acquisition date. They then usually go largely into Debt and are equivalent to a listed firm under LBO.
SPAC: Special purpose acquisition vehicles are companies with no asset which are IPOed on the StockMarket through a Share issue. They are in fact shell companies with cash. they wait for opportunities to buy Assets or other companies using the cash raised during the IPO and Debt raised on the acquisition date. They then usually go largely into Debt and are equivalent to a listed firm under LBO.
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