CNY Biotech Accelerator Upstate Medical University Presents Concept to Commercialization Virtual Series: Special Purpose Acquisition Company (SPAC) Process
Special Purpose Acquisition Company (SPAC) Process
Richard Uhlig, Founder and CEO, Quadrant Biosciences
Special Purpose Acquisitions Companies are “shell” companies that are established, usually by a team of investors, to raise money via an IPO with the intent to acquire another company with the sole assets of the company being the money they raise. Rich Uhlig, Founder and CEO of Quadrant Biosciences, will discuss the SPAC process and the benefits gained by utilizing the SPAC process, such as the ability for a company to go public and gain capital quickly.