Reverse Takeover

Today we will learn about SPAC/blank check companies and reverse IPO (initial public offering) - more commonly known as reverse merge or reverse takeover.

A special purpose acquisition company (SPAC) also known as a blank-check company, is a shell company that has no business operations/transactions but goes public with the intention of acquiring or merging with another company (in general private one), using the money they have gotten from investors through their initial public offering (IPO).

Many private companies have taken this route to become public companies by being bought by a SPAC/blank check company. The process of a private company being bought by a listed company or merged with a listed company is also known as reverse merging.

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