SPAC listing is a way of overseas backdoor listing. The advantage is that there are no historical liabilities and related legal issues.

SPACSPAC's listing and financing method integrates the characteristics and purposes of financial products such as direct listing, overseas mergers and acquisitions, reverse acquisitions, private placements, etc., and optimizes the characteristics of each financial product to complete the purpose of corporate listing and financing.

Listing in the form of SPAC fully complies with the minimum public listing standards stipulated by the US Securities Regulatory Commission. Compared with direct overseas listing, the SPAC method not only saves time, but also has a much lower cost; compared with the traditional shell listing,

SPAC's shell resources are clean and there are no historical liabilities or related legal issues.

SPAC listing process: SPAC is a "shell company" formed and listed by raising funds from mutual funds, hedge funds, etc. This "shell company" only has cash and no other business.

The promoters list the "shell company" on Nasdaq or the New York Stock Exchange and issue a combination of common shares and stock options to market investors in the form of investment units to raise funds.

An investment unit usually consists of 1 share of common stock and 1-2 stock options.

100% of the funds raised will be placed in a custodial account and invested in fixed income securities, such as Treasury bonds.

The only task of this "shell company" after it goes public is to find an unlisted company with high growth and development prospects, merge it with it, obtain financing and go public.

If the merger is not completed within 24 months, the SPAC will face liquidation and 100% of the funds in the escrow account will be returned to investors with interest.