A recent IPO by InterPrivate IV Infratech Partners, a digital infrastructure-focused special purpose acquisition company, or SPAC, raised $250 million. Its impressive fundraising and.
The Basics: What Is a SPAC?
A SPAC is a public company formed by a financial sponsor, usually an institutional investor, created for the sole purpose of acquiring a privately held company. Through that acquisition, the private company becomes publicly traded. SPACs are funded by a combination of an up-front investment by the financial sponsor (typically a few million dollars) and the proceeds of the SPAC’s IPO. The SPAC’s management team uses those funds to acquire a private company. The SPAC is obligated to complete an acquisition within a specific timeframe laid out in its governing documents (typically 18 to 24 months).
Taking a Data Center Company Public Through a SPAC: What to Know datacenterknowledge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from datacenterknowledge.com Daily Mail and Mail on Sunday newspapers.
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