Qu'est-ce que « Special purpose acquisition company, trust value » ?

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.