What is the typical structure of a SPAC?
SPAC Structure is largely standardized.
Units consisting of one share of common stock and warrants (ranging from 0.25 warrants to multiple warrants) for a purchase price of $10 per unit
SPAC IPO Gross Proceeds, other than a portion of the underwriters’ commissions, are placed into a Trust Account...
for the benefit of investors and are released, net of redemptions, only upon the consummation of a Business Combination or liquidation of the SPAC
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