This is a kind of shell company. It produces nothing and does nothing. Its sole function is to raise money on the stock exchange in order to acquire a private company, usually within a limited time frame, which has the effect of making the private company a public company without going through the usual process of an initial pubic offering (IPO).
ZG: 4
A piece of jargon from the finance world which is not going to affect most of us directly.
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