May 08, 2018

SPAC Presentation

SPAC and a shell company typical to an RTO have similarities. However, SPAC is a clean public shell company established by the sponsor to acquire one or more targets. Compared with a non-SPAC shell company in a typical RTO, a SPAC typically presents enhanced economic prospect for the sponsors, holds the development funds in an escrow account until a business combination is completed, may have a certain number of institutional investors and is equipped with an experienced management team.