Sociedad Cotizada con Propósito para la Adquisición (Special Purpose Acquisition Company- SPAC)

28 Pages Posted: 13 Apr 2021 Last revised: 15 Nov 2021

See all articles by Juan Mascareñas

Juan Mascareñas

Universidad Complutense de Madrid

Date Written: April 12, 2021

Abstract

Spanish Abstract: Esta monografía trata sobre las Compañías de Adquisición de Propósito Especial (SPAC), que son empresas que se forman estrictamente con el objetivo de obtener financiación, mediante una oferta pública inicial (OPI) para poder adquirir una empresa privada ya existente pero, que se desconoce en el momento de la OPI. La monografía compara las OPI con las SPAC, las características de las SPAC, su estructura de capital, el proceso de fusión con la empresa privada, y las críticas recibidas.

English Abstract: This monograph deals with Special Purpose Acquisition Companies (SPAC), which are companies that are formed strictly with the target of obtaining financing, through an initial public offering (IPO) in order to acquire an existing private company but, which is unknown at the time of the IPO. The monograph compares the IPOs with the SPACs, the characteristics of the SPACs, their capital structure, the merger process with the private company, and the criticisms received.

Note: Downloadable document is in Spanish.

Keywords: SPAC, IPO, Des-SPAC, Capital Structure, Critics

JEL Classification: G34

Suggested Citation

Mascareñas, Juan, Sociedad Cotizada con Propósito para la Adquisición (Special Purpose Acquisition Company- SPAC) (April 12, 2021). Available at SSRN: https://ssrn.com/abstract=3824785 or http://dx.doi.org/10.2139/ssrn.3824785

Juan Mascareñas (Contact Author)

Universidad Complutense de Madrid ( email )

Avda. de Séneca 2
Madrid, 28040
Spain

HOME PAGE: http://www.ucm.es

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