Assalamualaikum..Good morning. What is SPACs? SPACs means - TopicsExpress

Assalamualaikum..Good morning. What is SPACs? SPACs means Special purpose acquisition company.SPACs are companies which have no oprations or income-generating business at the point of initial public offer(IPO)but undertake the listing for the purpose of raising funds to acquire business or assets,otherwise known as the qualifying acquisition(QA).Such SPACs are Sona petroleum,cliq energy berhad,hibiscus petroleum berhad.Coming soon will be Reach Energy Bhd.

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