Spac listing refers to a mode of overseas backdoor listing. Spac is a special purpose acquisition company. Spac listing integrates the characteristics of direct listing, overseas mergers and acquisitions, reverse acquisition, private placement and other financial instruments, and optimizes them to achieve the purpose of listing financing. At first, mining companies in Canada and Australia implemented this listing method. Later, they succeeded in the United States and Britain, registered the trademark of "special purpose acquisition company" and began to really push it to the market. Spac is a financial tool to help companies go public.

Spac is an innovative financing and loan method. Spac is different from buying a shell for listing. They all want to build a shell for themselves, that is, to establish a special purpose company in the United States first, and then to create a listed "shell company" through funds raised from joint funds and hedge funds. This company has only cash, no industry and no assets, and will invest in the acquisition of the target enterprise to be listed. The target company can quickly achieve the purpose of listing financing through mergers and acquisitions with spac that has been listed.

Is Huatai spac listed legally?

Huatai spac is listed legally. Huatai Group's Spac is reliable, Huatai spac has a clean business background, no historical liabilities and legal problems, and all kinds of qualification procedures are complete, so the success rate of listed companies is 100%. Spac mode is not without risks. Huatai spac Securities is one of the representative foreign enterprises in Chengdu. It signed a contract with the World Securities Management Group through special purpose acquisition of the company's listing, and it is based on the international market.