MOMO'S BREAKOUT BOARD

[jfkspire]

$ARST Merger potential!! CEO has an interest in SPACs

CEO :Paul Patrizio
https://www.linkedin.com/public-profile/in/paul-patrizio-6a1a0245?challengeId=AQGt1UGq9bkxPgAAAXc7ss2MBZbLs0D6ThBkC6-tDni3LC8n77b1vPouvPGy4oumCQ621IBiid7VIS8PIKbjiyDtaL4zrFC4mQ&submissionId=af1775ff-ac9a-5d16-f848-07d9b455f73a

He has an active interest in SPAC and is part of the SPAC Opportunities group according to his LinkedIn Profile.

What is SPAC (Special Purpose Acquisition Company)?
https://www.investopedia.com/terms/s/spac.asp

Excerpt from link

What Is a 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," SPACs have been around for decades. In recent years, they've become more popular, attracting big-name underwriters and investors and raising a record amount of IPO money in 2019. In 2020, as of the beginning of August, more than 50 SPACs have been formed in the U.S. which have raised some $21.5 billion.


KEY TAKEAWAYS
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.



$ARST