What is a SPAC, All about SPAC ( Special Purpose Acquisition Company )

All about SPAC in detail on mini invest

SPAC stands for Special Purpose Acquisition Company. In this article, we will know about the SPAC. If you want to know about SPAC then stick to this article until the end.

What is SPAC ( Special Purpose Acquisition Company )?

SPAC stands for Special Purpose Acquisition Company, Basically, it is a publicly-traded company with no operations and No assets that means no commercial operations. 

Mainly SPAC is formed to raise the fund from the Initial Public Fund ( IPO ) for the purpose of taking over companies.

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