The SPAC raises capital by issuing shares to the public through an IPO, with the proceeds held in a trust until the SPAC.
A Special Purpose Acquisition Company (SPAC) is a publicly traded company created for the specific purpose of raising capital through an initial public offering (IPO) and then using those funds to acquire another company. The primary goal of a SPAC is to raise capital and then use that capital to acquire another company, essentially creating a new public company through mergers or acquisitions.
















