Understanding financial terms and concepts
Special Purpose Acquisition Company - a "blank check" company that raises capital through an IPO to acquire or merge with an existing company.
The process of a SPAC merging with a target company, resulting in the target company becoming publicly traded.
Private Investment in Public Equity - private investment in public companies, often used in SPAC transactions.
An escrow account where SPAC IPO proceeds are held until a merger or acquisition is completed.
The highest tier of the OTC Markets, requiring the most stringent reporting and compliance standards.
The middle tier of the OTC Markets, requiring current financial reporting and other basic standards.
The lowest tier of the OTC Markets with minimal reporting requirements.
A firm that provides liquidity by buying and selling securities on behalf of clients.
Securities and Exchange Commission - the federal agency responsible for regulating securities markets.
Financial Industry Regulatory Authority - a self-regulatory organization that oversees broker-dealers.
A form required for market makers to quote securities on the OTC Markets.
SEC rule governing the sale of restricted and control securities.