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SAMAU

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Schultze Special Purpose Acquisition Corp

10.48
+0.03 (+0.29%)
Last Update: 25 Jul 2023 16:30:00
Yesterday: 10.45
Day's Range: 10.48 - 10.48
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When Written:
 
10.32
Schultze Special Purpose Acquisition Corp (SSPA) is a blank check company that was formed for the purpose of acquiring or merging with one or more businesses. It was founded by George Schultze, who is the CEO and Chairman of the company. The company raised $130 million in its initial public offering (IPO) in 2018.

SSPA is focused on acquiring businesses in the industrial, consumer, and healthcare sectors, with a particular emphasis on companies that are facing financial distress, operational challenges, or other special situations. The company seeks to identify companies with strong growth potential that can benefit from its operational expertise, financial resources, and strategic guidance.

As a blank check company, SSPA has no operating history or revenue, and its success will depend on its ability to identify and acquire a suitable business. The company has a two-year period to identify and complete an acquisition, after which it will be required to return the funds raised in its IPO to investors.

Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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