BUSINESS'S FOCUS
US NASDAQ
Special Purpose Acquisitions Company (SPAC)
Initial Public Offering (IPO) & International Business Company (IBC)
SPAC, or Special Purpose Acquisition Company, is a type of special corporate structure that is also known as a “blank check company”. It is formed by a group of experienced investors and industry experts to search for and acquire a target company in the future. The funds for SPAC are raised from pre-listing investors. After raising the funds, SPAC goes public by listing on a stock exchange, becoming a publicly traded company. The management of SPAC has a limited time frame to find a potential company for acquisition, which is usually a private company, and take it public or make it more successful.
Two SPACs IPO in progress
SPAC A
- Lead Co-ordinator
- Form S-1 already submitted
- Proposed to be listed in Q2 2023 NASDAQ, USA
- Trust Account: USD 78 million (approx.)
SPAC B
- Sponsor and a Lead Co-ordinator
- Proposed to be listed in Q4 2023 at NASDAQ, USA
- A general and Global focused SPAC (excluding Greater China)
- Trust Account: USD 78 million (approx.)
