Find our what a SPAc or special purpose acquisition company is.

SPACs or special purpose acquisition companies, are publicly-traded investment vehicles whose goal is to acquire or merge with a company from the proceeds of its own IPO, sometimes called a reverse merger.

SPACs are often focused on acquiring a business in a specific industry, like a tech firm or green energy business.

Itโ€™s important to remember that, unless it has performed a reverse merger, a SPAC is not like a traditional company. They have no business to run, theyโ€™re purely there to try and invest in another business and merge with it.

Full list of SPACs available to trade on Freetrade

Learn more: Detailed guide on SPACs

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