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Quantitative Finance · Glosario

¿Qué es Special purpose acquisition company, trust value?

También llamado: special purpose acquisition company · trust value

Definition 12.4 Strategies I: Equities and Futures · Capítulo 12 — Share Classes, Holding Companies, Closed-End Funds and SPACs

A special purpose acquisition company (SPAC) is a listed shell company that raises cash in an initial public offering, holds it in a trust, and has a limited time to merge with a private company; its shareholders can redeem their shares for their share of the trust instead of taking part in the merger. The trust value per share is that redemption amount, the cash raised plus the interest the trust has earned.

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