A SPAC, or special purpose acquisition company, is a shell company that raises money through an initial public offering (IPO) with the intention of acquiring a private company. SPACs are often used by entrepreneurs to go public without having to go through the traditional IPO process.
Here are some of the benefits of using a SPAC to go public:
👉SPACs can provide a quicker path to public markets than the traditional IPO process.
👉SPACs can provide more flexibility to entrepreneurs in terms of how they structure their deal.
👉SPACs can provide access to capital from a wider range of investors.
