Everything is Oversubscribed
"You’re probably thinking that this won’t end well. Non-fungible tokens, SPACs, cryptocurrencies, stocks, the whole lot of it. Believe me, I get that mentality, but everybody thinks that."
Special Purpose Acquisition Company (SPAC)
A special purpose acquisition company (SPAC) is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company. Also known as "blank check companies.
🔸 A special purpose acquisition company is formed to raise money through an initial public offering to buy another company.
🔸At the time of their IPOs, SPACs have no existing business operations or even stated targets for acquisition.
🔸Investors in SPACs can range from well-known private equity funds to the general public.
🔸SPACs have two years to complete an acquisition or they must return their funds to investors.
@TMSCGC
"You’re probably thinking that this won’t end well. Non-fungible tokens, SPACs, cryptocurrencies, stocks, the whole lot of it. Believe me, I get that mentality, but everybody thinks that."
Special Purpose Acquisition Company (SPAC)
A special purpose acquisition company (SPAC) is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company. Also known as "blank check companies.
🔸 A special purpose acquisition company is formed to raise money through an initial public offering to buy another company.
🔸At the time of their IPOs, SPACs have no existing business operations or even stated targets for acquisition.
🔸Investors in SPACs can range from well-known private equity funds to the general public.
🔸SPACs have two years to complete an acquisition or they must return their funds to investors.
@TMSCGC