Spacs Take Flight On London's AIM

O'Connor, Colleen Marie
November 2005
Investment Dealers' Digest;11/7/2005, Vol. 71 Issue 42, p9
Trade Publication
The article reports that special purpose acquisition companies (Spacs), are enjoying a revival in the U.S. and have now been introduced in London, England, in the form of jumbo listings on the AIM by International Metal and Energy XXI. Spacs are basically shell companies which raise cash through initial public offerings and hold the money in escrow for future acquisitions, usually within a targeted industry.


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