SPACS


Also found in: Financial.
AcronymDefinition
SPACSStevens Point Area Catholic Schools
SPACSSingle-Photon-Added Coherent State (physics)
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References in periodicals archive ?
SPACs offer both advantages and disadvantages to investors.
SPACs also offer a fair amount of uncertainty at IPO.
Like some reverse mergers, SPACs use exemptions to bypass SEC information requirements: Most SPACs do not have to adhere to regulatory safeguards designed to protect investors form abuses by blank check corporations.
(174) Although most SPACs voluntarily adhere to the safeguard of Rule 419 to attract investors, most SPACs are structured to be exempted from the rule.
Carey Olsen advises on first Guernsey SPAC listed on EuronextCarey Olsen has acted on the first Guernsey Special Purpose Acquisition Company (SPAC) to be listed on Euronext Amsterdam.Together with London firm Weil Gotshal, Carey Olsen partner Tom Carey and associates David Crosland and Alwyn Fouchee advised Germany1 Acquisition Limited which raised e1/4250 million in its recent IPO despite the current challenging financial climate.
"It's a way for Chinese companies to get a listing," said Morgan Joseph managing director Dennis Galgano, on Chinese companies' interest in being purchased by US-based SPACs.
Morgan Joseph estimates that of the 65 SPACs seeking acquisitions, 14 are targeting Chinese companies and have raised a total of $1 billion.
When SPACs began in the late-1990s, they were underwritten by bottom-feeding players.
At this point, SPACs offer a myriad of risk/return combinations to an investor.
Called Grubb & Ellis Realty Advisors, Inc., it is the first SPAC focused solely on real estate acquisitions.