MLchartDataset catalogue

Special Purpose Acquisition Company

Term · Law · MLC-T-LAW-004616

A publicly traded company formed solely to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing private company. These entities, also known as SPACs, have no commercial operations themselves. The funds raised are held in a trust account until an acquisition target is identified and approved by shareholders, typically within a two-year timeframe.

Table 1. Record
IdentifierMLC-T-LAW-004616
FieldLaw
AbbreviationSPAC
Record as JSON 
{
  "id": "MLC-T-LAW-004616",
  "term": "Special Purpose Acquisition Company",
  "field": "Law",
  "definition": "A publicly traded company formed solely to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing private company. These entities, also known as SPACs, have no commercial operations themselves. The funds raised are held in a trust account until an acquisition target is identified and approved by shareholders, typically within a two-year timeframe.",
  "abbreviation": "SPAC",
  "url": "https://mlchart.com/terminology/law/special-purpose-acquisition-company/"
}

Record 4,701 of 5,439 in Law terminology (MLC-0107). Request the full dataset.