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Quantitative Finance · शब्दावली

Special purpose acquisition company, trust value क्या है?

अन्य नाम: special purpose acquisition company · trust value

Definition 12.4 Strategies I: Equities and Futures · अध्याय 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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