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WHEN SPAC'S COME IRRESISTIBLY CLOSE - HOW ASIA STOCK EXCHANGES' CARD UP THEIR SLEEVES?

A special purpose acquisition company (“SPAC”) is a shell corporate or blank-check listing looking for an acquisition opportunity to bring another private company listed. In short, it is led by a management team, a.k.a. a sponsor, and it raises money through an IPO before an acquisition target is identified...