Montreal, Quebec Jun 5, 2021 (Issuewire.com) - SPAC or Special Purpose Acquisitions Company is essentially a shell company set up by investors with the sole purpose of raising money through an IPO to eventually acquire another company. In 2020, close to 80 billion went into funding SPAC. From the first quarter of 2021, 87.9 billion were added to the SPAC. That’s close to 170 billion waiting to merge with private companies.
There are no commercial operations associated with a SPAC. There is no involvement of products or selling. A SPAC’s only assets are typically the money raised in its own IPO. SPACS are created or sponsored by investors and teams of investors. When a SPAC raises money, the people buying into the IPO do not know what the eventual acquisition target company will be. Once capital is realized by the IPO, the money is into a trust account on interest till the management team of founder/s of the SPAC finds a private company looking to go public through an acquisition. Once the acquisition reaches completion, the investors have two options; either to swap their shares for shares of the merged company or redeem their SPAC shares to get back their original investment, plus the interest accrued while that money was in trust. The SPAC sponsors typically get about a 20% stake in the final, merged company. Sponsors also have a deadline by which they have to find a suitable deal, typically within about two years of the IPO or the SPAC is liquidated, and investors get their money back with interest.
Managing shareholder of Shanda Consult, Stefan Nolte is now the head of the company’s SPAC division, SPAC Consultants. After earning experience in the company since 2009, he has now been awarded the role of Senior SPA Advisor.
Stefan Nolte has built an extensive professional background in the scope of finance and foreign trading for about 40 years. He is based out of Eastern Mediterranean or the Middle East for over 36 years. His association with SPAC enabled him to implement business and financial aspects as an advisor to clients. He also holds responsibilities in structuring and setting up SPACs from scratch that included the SPAC IPOs since August 2018. His experiences include his post as a managing director for an offshore bank in Cyprus for 6 years. His role focused on short-term interbank placements and equity acquisitions. He has also been a consultant with government agencies and ministries for the enhancement of FDI, an advisor for industrial localization focusing on the Middle East and cross-border business structuring. He has also been a significant resource in the setup and licensing of Alternative Investment Funds (AIFs, AIFLNPs, RAIFs) in Cyprus. Originally from the Hanseatic City of Lübeck in North Germany, his personal interests in the aspect of business include intercultural communication, mentoring, and out-of-the-box solution-finding.
An initiative led by Dr. Bak and Alpha experts has come up with AMP or the Alpha Merger Protocols that advises and helps companies and other start-ups to partake in the stock market. Entrepreneurs always envision trading in the stock market with their business and have access to various functional resources to make their company reach the epitome of success. SPAC has the favour of Wall Street along with the support and guidance of the investment community. Dr. Bak and his team of experts comprising the Alphas are some of the brightest brains who are enabling new entrepreneurs to realize their dreams. They will be prepping different companies to successfully merge with a SPAC, i.e. to trade their company on Wall Street. All mandates are on a one-on-one basis. Alphas of the financial world are joining for the ultimate evolution. Start-ups emerging in the era of digitalization who are looking to merge with big markets and capitals will find great prospects with this idea.
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Dr. Bak Nguyen is the founder and CEO of Mdex & Co that he launched in 2003. A prolific motivator and speaker, he has written many books across the scopes of entrepreneurship, leadership, quest of identity, dentistry and medicine parenting, philosophy, and also books for children. His international collaborative initiative, THE ALPHAS was launched in 2020 that shares knowledge and resources to entrepreneurs across various verticals including doctors to thrive through the greatest pandemic and uncertain economic instability of our time. To know more about his honourable work, visit his official website at https://baknguyen.com/.
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