APT MotoVox Group Inc. (MTVX)

[tmcfo]

SPAC stands for special purpose acquisition company...
With a SPAC, the IPO is already done. All you’re doing is negotiating with one party: the SPAC that might acquire you. That means you already know the valuation, you don’t have to do a roadshow, and you can cash out your existing investors. Plus, the whole process is a lot faster because you’re only negotiating with one party! “When you compare it to an IPO, the pitch is actually very simple: it is a better way to go public,” Chinh Chu, an influential SPAC sponsor, told Bloomberg News.