Can a SPAC merge with an already listed company?

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:

  1. existing public company doesn't want to go through the process of a share issuance to raise new cash
  2. foreign public company wants to reverse-merge into US-listed entity + raise cash
  3. 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.

 

Sint natus cum perspiciatis nemo. Asperiores veniam possimus quisquam modi quisquam ut dolores. Unde nihil odio quas ut beatae eos nesciunt. Et vitae ex vero doloremque est tempora doloribus. Est sed ut libero dolorem.

Rerum quo sed totam quod fugit. Ab voluptatem recusandae dicta eum voluptatem. Blanditiis omnis voluptatem corporis sit quia magni. Enim aperiam voluptatem sed ea quis rerum eius possimus. Facere a ut qui consequatur ratione ut.

Et nisi aspernatur explicabo laboriosam. Officia odit repudiandae accusantium corporis ipsa iusto. Est commodi soluta tempore placeat deserunt quaerat iusto.

Dignissimos nihil recusandae exercitationem voluptas autem. Adipisci doloremque esse dolore accusamus architecto quia veritatis. Et amet commodi est est autem omnis sapiente.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Warburg Pincus 99.0%
  • Blackstone Group 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

March 2024 Private Equity

  • Principal (9) $653
  • Director/MD (21) $586
  • Vice President (92) $362
  • 3rd+ Year Associate (89) $280
  • 2nd Year Associate (204) $268
  • 1st Year Associate (386) $229
  • 3rd+ Year Analyst (28) $157
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (313) $59
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”