{"iri":"http://lmss.sali.org/R9uzjRTP8QeY8QG9zT9rMU0","id":"R9uzjRTP8QeY8QG9zT9rMU0","label":"Special Purpose Acquisition Company","definition":"A Special Purpose Acquisition Company (SPAC) is a shell corporation specifically created to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company. Once the funds are raised, the SPAC identifies a target company to acquire, and if the acquisition is successful, the SPAC effectively takes the acquired company public.","prefLabels":["SPAC"],"altLabels":[],"examples":[],"notes":[],"sources":[],"branch":{"iri":"http://lmss.sali.org/R7L5eLIzH0CpOUE74uJvSjL","label":"Legal Entity"},"parents":[{"iri":"http://lmss.sali.org/RCua1MtzwNcjfYov8VFcoV3","id":"RCua1MtzwNcjfYov8VFcoV3","label":"Business Entity Characteristics"}],"children":[],"relations":[],"url":"https://lmss.io/tag/R9uzjRTP8QeY8QG9zT9rMU0/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}