Listing of SPACs, tool for raising money for acquisitions

Special Purpose Acquisition Corporations (SPACs) are allowed listing in all segments of Deutsche Börse and investors from across the globe can do business with them, just like other shares, through Xetra®.

The following points of a usual configuration of a SPAC need to be identified at the time of applying for admission:

  • Capital structure and capital spending
  • Payment of IPO-revenues into an interest-bearing trust account
  • Detailed description of an intended purpose in the prospect
  • Time limitation of the SPAC with obligation of repayment of trust assets in case of liquidation
  • Investor friendly governance
  • Shareholder meeting takes a decision on spending of trust assets for company takeovers
  • Majority prerequisite > 50 percent for decision about spending

Proof of availability of the prerequisites must be provided by the applicants; the detailed reference to the respective declarations in the prospect is admissible as evidence.

Indirect listing via SPAC
A substitute to the conventional IPO procedure is presented by already listed SPAC. The prime goal of SPAC is to capture and finally amalgamate with an existing working enterprise or its subsidiary within a specific timeframe, through earnings of an IPO.

Reputed companies with good expansion probability, seeking safe and economical substitutes to conventional ways of becoming public enterprise, often benefit from this capital market segment.

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Financial Products

Total Capital Solutions Ltd has strong relations with various Financial Institutions and can help companies acquire letters of credit, bank guarantees, proof of funds and performance bonds.

Credit Facility

A Credit Facility is a flexible financing structure in which GPG commits to purchasing shares of common stock directly from a company, at prevailing market prices, over a multi-year period - contact us for more information.

Prospectus Preparation

Our legal associate can prepare Prospectus both in English and German and handle the BaFin or FSA approval process.