Indigo Acquisition Corp. (INAC)

Indigo Acquisition Corp. is a special purpose acquisition company, also known as a blank-check company. It was formed to raise capital through an initial public offering and to use the proceeds to complete a merger, share exchange, asset acquisition or similar business combination with one or more operating businesses.

Its ordinary shares trade on the Nasdaq. The company does not have its own operating business, and the funds raised in its offering are generally held in trust until a business combination is completed or the company is liquidated.