oboloo Glossary

De-Spac Companies

oboloo Glossary

De-Spac Companies

A De-Spac Company is a term used to describe a business that has taken steps to become publicly listed on a stock exchange. This process involves separating the company’s ownership from its management and no longer existing as a private entity. The goal of this shift is to give the firm more liquidity, access to capital, and larger investor pools. Additionally, it can open up opportunities for mergers and acquisitions as well as enabling a company to partake in a broader array of investment activities. Such companies have the potential to benefit from increased customer reach and awareness, putting them in prime position for growth.