SPACs
Reverse merger vehicles
SPACs is the plural of SPAC, a special purpose acquisition company—a shell corporation that raises money through an initial public offering with no existing business operations.
The sole purpose is to acquire or merge with a private company, taking it public without a traditional IPO: SPACs were everywhere during the 2020-2021 market boom.
Also called blank-check companies.
Reduction in concentration
- speculationUnproven theorizing or risky investment
- bubbleAir-filled film sphere
- hypeExaggerated promotional fanfare
- feesCosts for services
conflicts · disclosure · returns · performance · regulation · lawsuits · redemptions · overpromise
First public stock offering
- listingRecorded item in catalog
- announcementPublic declaration of information
- closingFinal stage of something
- prospectusFormal investment disclosure document
roadshow · redemption · liquidation · extension · deadline
Legally separate business entity
- sponsorFunder of activities
- targetObject of pursuit
- trustConfidence in another
- redemptionRecovery or moral restoration
Electronic securities exchange
- NYSELargest equities market
- securitiesTradeable financial assets
- exchangeMutual giving and receiving
- tradingExchanging for value
ticker · unit · warrant · rights · arbitrage · NAV · premium · discount
Funder of activities
- underwriterOne who assumes financial risk
- investorOne who allocates capital
- founderOne who begins something
- arbitrageurTrader exploiting price discrepancies
dilution
Reduction in concentration
- speculationUnproven theorizing or risky investment
- bubbleAir-filled film sphere
- hypeExaggerated promotional fanfare
fees · conflicts · disclosure · returns · performance · regulation · lawsuits · redemptions · overpromise
IPO
First public stock offering
- listingRecorded item in catalog
- announcementPublic declaration of information
- closingFinal stage of something
prospectus · roadshow · redemption · liquidation · extension · deadline
corporation
Legally separate business entity
redemption · warrant · promote · lockup · proxy · charter · extension
NASDAQ
Electronic securities exchange
- NYSELargest equities market
- securitiesTradeable financial assets
- exchangeMutual giving and receiving
trading · ticker · unit · warrant · rights · arbitrage · NAV · premium · discount · volume
sponsor
Funder of activities
- underwriterOne who assumes financial risk
- investorOne who allocates capital
- founderOne who begins something
arbitrageur · promoter · celebrity · board · advisor · auditor
SPACsprivate equity
Capital for unlisted companies
venture capital · bootstrapping · retained earnings · organic growth · debt financing
- outer spaceVacuum beyond Earth's atmosphere
- personal spaceComfort distance around oneself
- parking spaceDesignated vehicle slot
- empty spaceArea devoid of contents
- space barKey inserting blank characters
- spaced outInattentive, mentally elsewhere
space, spaces, spacing, spaced, spacer, spacers, spacious, spaciously, spaciousness