A Special Purpose Acquisition Company (SPAC) is a “blank check company” with no commercial operations that is formed strictly to raise capital to take companies public for the purpose of acquiring an existing operating company. Though SPACs have been around for decades, the financial maneuver has recently gained popularity as COVID-19 creates uncertainty in the IPO market and more and more private companies consider exit opportunities.
What are SPACs? How are they different from regular IPOs? And what advantages and disadvantages do SPACs offer?
The Rising Popularity of SPACs webcast will elaborate on some of the available options and requirements company executives and (potential) investors need to be aware of before getting involved in a SPAC transaction.