28 April 2022

Second SPAC of 2022

Although the SPAC hype of 2021 seems to be on its way out, a new SPAC is nevertheless coming to the Amsterdam Exchange, without much publicity: RA Special Acquisition Corporation. After the arrival of GP Bullhound in February, this is the second SPAC in 2022 and the twentieth SPAC in total to make its appearance at the Amsterdam Exchange since 2018. The listing raised $230 million for RA Special Acquisition, from the British Cayman Islands. It plans to use the funds raised to take over a company operating in the financial sector in Europe.

Update: RA Special Acquisition rebranded in May 2023 as Iris Financial