Hi Monkeys - I am wondering if it is possible for a SPAC to merge with a company that is already public. The purpose of such a transaction could be a couple of things:
- existing public company doesn't want to go through the process of a share issuance to raise new cash
- foreign public company wants to reverse-merge into US-listed entity + raise cash
- SPAC merges with public company + private target to create NewCo
Has anyone seen something like this? Is it even legal per FINRA / SEC guidelines?
Thanks for any insight.
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