Meten EdtechX is expected to complete a merger with the already-listed cash shell company EdTechX via SPAC in Q1 2020. This approach differs from an IPO, so what are the specific steps of Meten EdtechX's listing process and key points for investor participation? This article will tell you.
|SPAC Merger Listing Process
Before taking any action, it is important to understand the entire SPAC listing process.
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The SPAC merger listing process can be divided into two parts. The first part involves the cash shell going public, initiated and led by the Sponsor, who guides the cash shell company through its Nasdaq listing. After the cash shell is listed, the management team begins searching for quality assets to inject into the cash shell. During this period, the raised funds are held in a third-party trust account, where they are invested in money market funds and short-term US Treasury bonds. Investors in the SPAC IPO receive...