What Is a Special Purpose Acquisition Company?
Special Purpose Acquisition Corporation (SPAC) is an overseas financing method that is more suitable for domestic SMEs after IPO and APO.
Special Purpose Acquisition Company
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- Chinese name
- Special Purpose Acquisition Company
- Foreign name
- Special Purpose Acquisition Corporation
- Short name
- SPAC
- Business company
- Greenfield Capital Group
- Special Purpose Acquisition Corporation (SPAC) is an overseas financing method that is more suitable for domestic SMEs after IPO and APO.
- SPAC is a special fund product designed for investors in the US financial sector. Chinese companies use SPAC to list and raise funds in the United States, which is completely different from the traditional mode of operation and financing through IPO in the United States.
- 'SPAC listing and financing methods focus on the characteristics and purposes of financial products such as direct listing, mergers, reverse acquisitions, and private placements, and optimize the characteristics of each financial product, focusing on one financial product, to complete the purpose of corporate listing and financing.
- SPAC became popular in the United States last year, and currently there are dozens of companies engaged in the SPAC business. China's successful financing in this way is Beijing Oruijin Seeds Co., Ltd. (SEED.US). There are also two companies in Shenzhen that use SPAC financing, and one of them successfully integrated about $ 40 million. There are about a dozen of them in talks, and the premium is higher than APO. In the United States, Millstream Acquisition is the earliest investment holding company successfully listed in the United States in the form of SPAC. There is no special investment area, reflecting the shadow of the earlier bearer company. And environmental protection industry; International Shipping Management is based on the shipping industry background, using SPAC to acquire and develop shipping business.
- At present, China's main businesses engaged in special purpose acquisitions are:
- 1. Greenfield Capital Group http://www.gfcapital.net