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," SPACs have been around for decades.
My definition of custodianship....
A custodianship is a company with no commercial operations that is formed and legally acquired through the legal system. The custodian, appointed, by the courts, raises funds to bring the company current per sec rules. And eventually is purchased by a private company that wants to go public.
Not much difference in my opinion....
But if the majority wants me to change the name of board
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