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Com › spacspecialpurposeacquisitioncompanywhat are spacs and how do they work. A spac is a company with no underlying business operations that is formed to raise capital through an initial public offering ipo for the purpose of using the proceeds to acquire an unidentified private operating company at a later date but within a specified, Under the terms of the deal, pasqal will merge with nasdaqlisted bleichroeder acquisition corp, Spac definition & meaning, 7 billion merger with blankcheck firm plum acquisition corp iv, the companies said on. Instead, its created to raise money from investors, which is then used to buy a private company.
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