Special Purpose Acquisition Company definition

Special Purpose Acquisition Company means a type of blank-check company created specifically to pool funds in order to finance a merger or acquisition opportunity within a set timeframe.
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Special Purpose Acquisition Company or “SPAC” means a company which does not have any operating business and has been formed with the primary objective to effect a business combination;
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Examples of Special Purpose Acquisition Company in a sentence

  • Prior to the Company merging with a Special Purpose Acquisition Company (the “SPAC”), it is anticipated that the Company may undergo re-domiciliation in the jurisdiction of the Cayman Islands.

  • This right of first refusal shall also encompass the time period leading up to the closing of the Business Combination while the Company is still a Special Purpose Acquisition Company.

  • Prior to the Company merging with a Special Purpose Acquisition Company (the “SPAC”), it is anticipated that the Company may undergo re- domiciliation in the jurisdiction of the Cayman Islands.

  • In addition to the services set out in the Original Agreement, VIKASA will provide accounting, tax, and financial reporting assistance, on an ad hoc basis, in connection with the Company’s contemplated transactions including, but not limited to, the acquisition of assets from third-parties, the formation of new entities, and a potential merger with a Special Purpose Acquisition Company (“SPAC”) (collectively, the “Transactions”).

  • KEH is a corporation organized under the laws of the State of Delaware, USA, and is pursuing an initial public offering through a merger with a Special Purpose Acquisition Company (“SPAC”).

  • Company is in the process of negotiating a merger and/or acquisition to be completed by a Special Purpose Acquisition Company (“SPAC”), which Company anticipates shall include a transition in Chief Executive Officer (“CEO”) from Participant to a CEO of the SPAC’s choosing (“SPAC Transition”).

  • The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” In the event of the Company is acquired by or merges with any Special Purpose Acquisition Company (a “SPAC Change of Control”), Executive’s Base Salary shall increase to $275,000 per year.

  • Femco has agreed to engage the Arranger to arrange the potential merger / business combination between Femco and a U.S.-listed Special Purpose Acquisition Company (the “SPAC”).