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A LIRE OU A RELIRE - Article publié dans le mensuel de Novembre 2021
By Fabien DELANTE, Nadhmi AMOURI and Sumer CHOPRA, Mazars Luxembourg*
A SPAC (Special Purpose Acquisition Company) is fundamentally a shell company incorporated by promoters (“Sponsors”) with the exclusive purpose of raising sufficient funds through an IPO (or rather a “Private Placement” as the subscription is reserved to a limited number of institutional investors selected by the Investment Bank(s) acting as underwriter(s)) to eventually acquire a company.
SPACs do not have any identified target while listing on a stock exchange, meaning that investors in a SPAC do not know what the ultimate acquisition target would be. However, SPACs...
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