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How To Start Your Own SPAC? by Sebastian Amieva
- 1. How to Start Your Own SPAC? By Sebastian Amieva
- 2. Special-Purpose Acquisition Company A special purpose acquisition company, is a “blank check” shell corporation designed to take companies public without going through the traditional IPO process. SPACs allow retail investors to invest in private equity type transactions, particularly leveraged buyouts.
- 3. SPAC must to acquire one or more unspecified businesses or assets to be identified after the IPO. Normally in a period of 24 months. What's the SPAC Purpose?
- 4. Target Industry Most SPACs will specify an industry or geographic focus for their target business or assets. However, most will not be prohibited from pursuing businesses or assets in any industry sector or geography.
- 5. Capital Structure Public Units In a typical SPAC IPO, the public investors are sold units, each comprised of one share of common stock and a fraction of a warrant to purchase a share of common stock in the future. The per unit purchase price is almost always $10.00.
- 6. Advantages of SPACs 1. They're cheap. Many SPACs are priced at $10 a share, well within reach of retail investors. And they stay low for a while. 2. They invest in hot areas. The new breed of SPACs focuses on sexy sectors in the tech or consumer fields. 3. They're open to individual investors.
- 7. Disadvantages of SPACs 1. The offering is limited to specific qualified institutions which can limit the potential size of the offering all together. 2. There are increased restrictions of the resale of the securities causing the price to be lower than with an IPO. 3. There are increased restrictions on advertising and publicity surrounding the transaction.
- 8. Best SPAC companies Top SPAC IPOs ● Virgin Galactic. In 2017, Chamath Palihapitiya's SPAC Social Capital Hedosophia (SCH) went public. ... ● DraftKings. In April 2020, the online sports betting company DraftKings merged with Diamond Eagle Acquisition. ... ● Nikola. In 2018, VectoIQ's SPAC listing raised $200 million. ... ● Pershing Square Tontine.
- 9. Where to Set Up Your SPAC? We believe the best place can be Frankfurt or Stockholm. Prices are relatively cheap and most of the fees can be delayed.
- 10. If You Want To Launch Your SPAC We can connect you with the right team in Frankfurt or Stockholm. www.sebastianamieva.com
- 11. Disclaimer: All Information Shared Are The Sole Thoughts and Opinions Of The Author. Do Not Take Any Information As Legal Or Financial Advice. You Should Seek A Certified Accountant And A Professional Legal Team Before Taking Any Further Action.