Cash shell

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)

See also

• Acquisition
• Cash and cash equivalents
• Company
• Conduit
• Entity
• Financial Conduct Authority (FCA)
• Operating company
• Reverse takeover
• Shell company
• SPAC
• Special Purpose Entity
• Special purpose vehicle
• Sponsor