SPACs: Difference between revisions
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Abbreviation for Special Purpose Acquisition Companies. | Abbreviation for Special Purpose Acquisition Companies. | ||
SPACs are companies formed to (1) | SPACs are companies formed to: | ||
:(1) Raise money from investors, and then | |||
:(2) Use the money raised to acquire another operating business. | |||
Revision as of 22:42, 18 August 2021
Special purpose vehicles - acquisitions.
Abbreviation for Special Purpose Acquisition Companies.
SPACs are companies formed to:
- (1) Raise money from investors, and then
- (2) Use the money raised to acquire another operating business.
