SPAA

SPAA stands for Special Purpose Acquisition Company (SPAC) Acquisition Agreement. It refers to a transaction where a SPAC, a company created to raise capital through an IPO and then acquire another business, enters into an agreement to merge with a target company. This process allows the target company to become publicly traded without going through the traditional IPO route. SPACs are often seen as a faster and potentially less complicated method for companies to access public markets, attracting investors looking for growth opportunities. However, they also carry unique risks and regulatory considerations.