Special Purpose Acquisition Company (SPAC)

Last updated on
February 17, 2022

A Special Purpose Acquisition Company (SPAC) is a company with no commercial operations that is established with the sole aim to raise capital through an initial public offering (IPO) for the purpose of acquiring or merging with an existing company.

With a SPAC, investors can contribute money to a fund, which is then used to acquire one or more unspecified businesses that will be identified after the IPO.

Trade forex, CFDs, cryptos, and stocks with up to 1:1000 LEVERAGE with a true ECN broker. You can start trading on Kwakol with a minimum deposit of $50, lightning-fast execution, tight spreads, and low commissions for the broker.

learn more

Do you need help?

Get in touch with us or learn more