Cash shell: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add link.) |
imported>Doug Williamson m (Amend wording.) |
||
| Line 5: | Line 5: | ||
Some cash shells may have a strategy to seek an acquisition opportunity or to develop a business as a start-up. | Some cash shells may have a strategy to seek an acquisition opportunity or to develop a business as a start-up. | ||
Accordingly, there is some overlap between cash shell companies and | Accordingly, there is some overlap between cash shell companies and Special Purpose Acquisition Companies (SPACs). | ||
''(Source - Financial Conduct Authority - Primary Market Technical Note 420 - updated August 2021)'' | ''(Source - Financial Conduct Authority - Primary Market Technical Note 420 - updated August 2021)'' | ||
Revision as of 15:33, 18 August 2021
Companies - special purpose vehicles - acquisitions.
A cash shell is a company whose assets are substantially, or entirely, cash or cash equivalents.
Some cash shells may have a strategy to seek an acquisition opportunity or to develop a business as a start-up.
Accordingly, there is some overlap between cash shell companies and Special Purpose Acquisition Companies (SPACs).
(Source - Financial Conduct Authority - Primary Market Technical Note 420 - updated August 2021)
