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By Veronika ZUKOVA, Head of Product Development PERE, Societe Generale Securities Services
A LIRE OU A RELIRE - Article publié dans le mensuel de JUILLET / AOUT 2022
A Special Purpose Acquisition Company (SPAC) is a company formed to raise capital via an IPO to fund the acquisition of one or several targets in specific sectors. It is a powerful financing tool that allows investors to co-invest “publicly” side-by-side with one or several sponsors. A SPAC has a life span of roughly 2 years. After this time, if successful in securing the right target, it becomes a ‘business combination’, also known as a de-SPAC. If not, it returns the money to the investors and is liquidated.
Originating and hugely...
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