As of 31 October, SMG Technology Acceleration SE (ISIN: LU2699152265) has been listed on the Regulated Market (General Standard) of the Frankfurt Stock Exchange. The company is a SPAC – a Special Purpose Acquisition Company.

The SMG Technology Acceleration SEis sponsored by SMG Technology Holding S.à r.l. The goal of the company according to its own is to acquire a company in the technology sector with a focus on the sub-sectors additive manufacturing (3D printing), software as a service (SaaS), and digital infrastructure/blockchain-based technologies within 12 months. The target company should be based in a member state of the European Economic Area, the United Kingdom or Switzerland.

The shares had an initial listing price of €1.00. The issue price for the shares distributed via private placement had been €1.00 as well. The listing was accompanied by ABN AMRO and Hauck Aufhäuser Lampe. Baader Bank acts as designated sponsor on Xetra and is also specialist on the trading venue Börse Frankfurt.

A SPAC listing is an alternative to the classic IPO (Initial Public Offering). A SPAC is a shell company without its own operating business. The aim is to raise capital through a listing and use the proceeds to take over a non-listed company within a limited period and indirectly take it public. After completion of the transaction, the acquired company has been indirectly listed via SPAC.

For more information on a SPAC listing and eligibility requirements, click here.