Special Purpose Acquisition Company (SPAC), which is also known as a "blank check" company.
The new daily SPAC file provides traders, brokers, analysts, and investment bankers the opportunity for an alternative approach to Initial Public Offerings (IPO).
Stages in the SPAC process
IPO Announced; IPO Complete; Business Combination Announced; Business Combination Complete; Liquidation
The SPAC will explore partners for an acquisition/merger/business combination, some may decide to limit their search to specific industries or geographical areas. Typically, this tenor will be 24 months, with the option to extend by 3 to 6 months. The SPAC must liquidate after this point and return the contents of the trust account to the securities holders.If a target is identified, and an agreement reached, the parties will complete the appropriate legal and regulatory paperwork and processes.
Completion of the transaction typically includes a change in name from the SPAC’s name to the target company’s name (or an approximation). Following the effective date the new entity will begin trading, under the new name.
How can the data be used?
Keep informed of evolving SPAC data including:
- Important dates
- SPAC’s looking for a partner
- Upcoming IPO opportunities
- SPAC’s approaching liquidation deadline
- Transfer agents, Underwriters and Counsel
- Price data
How will the data be provided?
What data points will FII provide?
|Main Record||Unit Components||Resulting Company|
|Record ID||Sector||Unit Identifier||Resulting Identifier|
|Created Date||Geography||Unit Symbol||Resulting Issuer Description|
|Modified Date||Underwriter/s||List Exchange||Resulting Security|
|SPAC Name||Transfer Agent||Unit Component Share||Resulting Company Country|
|Security Type||Counsel||Unit Component Warrant||Currency|
|Identifier||Target Company Name||Voluntary Separation Date||Warrant Exercisable Date|
|Stage||Target Company Sector||Stock Identifier||Warrant Expiration Date|
|Currency||Percent Compare||Stock Par Value||Resulting Security Ticker Symbol|
|SPAC Country||Redemption Date||Stock Symbol||Resulting Security Exchange|
|Listing Date||Redemption Price||Warrant Identifier||Resulting Security Listing Date|
|Filing Date||Meeting Date||Warrant Share||Trade Price After Closing|
|Tenor||Meeting Results||Warrant Purchase Price|
|Liquidation Deadline||Agreement Date||Warrant Symbol|
|Offering Price||Business Combination Completion Date||Unit Component Right|
|Proceeds||Liquidation Effective Date||Right Identifier|
|Trust Account Amount||Liquidation Distribution Amount||Right Symbol|
|SPAC Trading Price|
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