Replies to post #130882 on Trans Global Group Inc (TGGI)

[gwinstock]

" A SPAC is a "Blank Check " company, but all "Blank Check" companies are not SPAC's. TGGI was not formed to raise capital to merge. "A type of blank check company is a "special purpose acquisition company" (SPAC), which is formed to raise funds via an initial public offering (IPO) to finance a merger or acquisition within a certain time frame, typically 24 months." This is not TGGI. A "Blank Check" company is simply a company with no operations. "A reverse merger with, or acquisition of, a blank check company for sale is a great means to go public. " Chen bought the TGGI shell. The value of TGGI stock will become part of the Financials of Zuixiangui."
from:
Pontiac73TransAm
poster on Twits but seems to have good knowledge..GL