Embodied AI Glossary中文Special Purpose Acquisition Company
SPAC 上市（特殊目的收购公司）SPACAdvancedA shell company lists first to raise money, then merges with a target to take it public indirectly.
A SPAC is a listed company with no real business of its own. It first raises money through an IPO and places it in a trust account, then, within a set window (usually one to two years), looks for an unlisted company to merge with; once the merger completes, the target company effectively becomes the listed entity. Compared with a traditional IPO, this route is faster and lets valuation be negotiated in advance, but it's also frequently criticized for weak disclosure to retail investors. The number of US SPACs surged in 2020–2021, and a batch of robotics companies went public this way; the Hong Kong exchange also introduced a SPAC mechanism starting in 2022.
ExampleExoskeleton and robotics company Sarcos and warehouse-robotics company Berkshire Grey both went public in the US via SPAC in 2021.
- Also called
- SPAC, Blank-Check Company
- Related
- Backdoor Listing · STAR Market · HKEX Chapter 18C · Pre-IPO Tutoring · Funding Rounds & Valuation
- Sources
- Special-purpose acquisition company - Wikipedia
- As of
- 2022-01