AR Capital Acquisition Corp. (AUMA) is a special purpose acquisition company (SPAC) that was formed for the purpose of acquiring or merging with one or more businesses. AUMA is sponsored by AR Global Investments, LLC, which is an alternative asset manager that focuses on real estate and other asset classes.
As of cutoff date of September 2021, AUMA had not yet announced any specific target for a merger or acquisition. However, as a SPAC, AUMA has raised funds through an initial public offering (IPO) and is now in the process of seeking out potential acquisition targets. The funds raised through the IPO are held in a trust account and will be used to finance the eventual acquisition.
It's important to note that since my knowledge cutoff date, there may have been updates or developments regarding AUMA and its potential merger or acquisition targets.
AR Capital Acquisition Corp. (AUMA) is a special purpose acquisition company (SPAC) that was formed for the purpose of acquiring or merging with one or more businesses. AUMA is sponsored by AR Global Investments, LLC, which is an alternative asset manager that focuses on real estate and other asset classes.