Special Purpose Acquisition Companies

Special Purpose Acquisition Companies (SPACs) have gained immense popularity in recent times, as more and more companies are opting to go public through this route. A SPAC is a shell company that is created with the sole purpose of acquiring an existing company and taking it public. In simpler terms, it is a blank check company that raises funds through an IPO and then seeks out a private company to merge with, thereby taking it public without the traditional IPO process. How Does a SPAC Work? A Special Purpose Acquisition…