SPACS

Overview:

A SPAC is a Special Purpose Acquisition Company formed for the sole purpose of raising capital through an IPO, with an ultimate goal of acquiring or merging target companies. Abu Dhabi Securities Exchange (ADX) is the first exchange in the region to launch SPACs, connecting growth companies to significant pools of liquidity.

Benefits of SPAC for Investors:

1. Enables SPAC participation for regional / local investors.
2.  Ability to participate in regional growth & success stories.
3. Align with prominent Sponsors with strong local networks and knowledge.