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Re: Tbags7 post# 5226

Tuesday, 07/27/2021 11:12:15 AM

Tuesday, July 27, 2021 11:12:15 AM

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A SPAC raises capital through an initial public offering (IPO) for the purpose of acquiring an existing operating company. Subsequently, an operating company can merge with (or be acquired by) the publicly traded SPAC and become a listed company in lieu of executing its own IPO.
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