What does OAC mean in COMPANIES & FIRMS
OAC is an acronym that stands for Oaktree Acquisition Corp.. It is a special purpose acquisition company (SPAC) that was formed in 2020. SPACs are formed with the purpose of acquiring or merging with an existing operating business, and they are typically listed on a stock exchange before the acquisition or merger occurs. The primary goal of a SPAC is to raise capital from investors through an initial public offering (IPO) and then use the proceeds to acquire or merge with a target business.
OAC meaning in Companies & Firms in Business
OAC mostly used in an acronym Companies & Firms in Category Business that means Oaktree Acquisition Corp
Shorthand: OAC,
Full Form: Oaktree Acquisition Corp
For more information of "Oaktree Acquisition Corp", see the section below.
OAC Meaning in BUSINESS
OAC operates in the business sector, where it seeks to acquire or merge with a target business that operates in a specific industry or sector. The company's management team has extensive experience in the technology, media, and telecommunications (TMT) industry, and it is focused on identifying and acquiring businesses in this sector.
OAC Full Form
The full form of OAC is Oaktree Acquisition Corp.. The company's name is derived from Oaktree Capital Management, which is a global investment management firm that serves as the sponsor of the SPAC.
What does OAC Stand for?
OAC stands for Oaktree Acquisition Corp., a special purpose acquisition company that seeks to acquire or merge with an existing operating business in the technology, media, and telecommunications (TMT) industry.
Essential Questions and Answers on Oaktree Acquisition Corp in "BUSINESS»FIRMS"
What is Oaktree Acquisition Corp. (OAC)?
Oaktree Acquisition Corp. (OAC) is a special purpose acquisition company (SPAC) formed by the global investment firm Oaktree Capital Management. SPACs are shell companies created to raise capital through an initial public offering (IPO) and then merge with a private company, taking it public in the process.
What is the purpose of OAC?
OAC's goal is to acquire a business in the technology, media, telecom, financial services, healthcare, or other sectors. Once a suitable acquisition target is identified, OAC will merge with that company, providing it with access to public markets and capital.
Who is the management team behind OAC?
OAC is managed by a team of experienced professionals with expertise in investment banking, private equity, and public company operations. The team includes Howard Marks, co-chairman of Oaktree Capital Management; Glenn August, chief investment officer of Oaktree Capital Management; and John Frank, former CEO of Rocket Internet.
What is the investment strategy of OAC?
OAC seeks to acquire a business with a strong management team, sustainable competitive advantages, and significant growth potential. The company will focus on businesses that are well-positioned to capitalize on long-term industry trends.
When did OAC go public?
OAC completed its IPO and began trading on the New York Stock Exchange on March 11, 2021.
What is the ticker symbol for OAC?
The ticker symbol for OAC is "OAC".
Final Words: OAC is a SPAC that is focused on acquiring or merging with a target business in the technology, media, and telecommunications (TMT) industry. The company's management team has extensive experience in this sector and is committed to identifying and acquiring a business that has strong growth potential.
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