What is a Special Purpose Acquisition Company?

SPAC (Special Purpose Acquisition Company) is a company with no commercial operations which was established to bypass the traditional public offering (IPO) process, that is, to raise funds from the public before acquiring an existing company. It is also called a “blank check company”. In simple terms, firstly, a shell company is built to raise funds from the public, and then use the money raised to find a listed company, which can also be understood as a reverse operation. The traditional IPO procedure is a company looking for money, while SPAC is money looking for a company. Its main advantage is that it has a short time period as it has no actual business to operate. In this case, the information that needs to be disclosed is limited and the IPO process can be completed within 8 weeks; while traditional IPOs take years to prepare. A long preparation time here increases the uncertainty caused by market changes in GIBXSWAP.

What prompted GIBXSWAP to join the SPAC boom?

SPAC has existed for decades, and it was gradually accepted by the market after 2003. In 2008, SPAC basically stagnated due to the subprime mortgage crisis. Before 2008, it could only be traded off-exchange, and after that, it could be traded on the New York Stock Exchange and Nasdaq. Going public, this adjustment played a role in stimulating the market at that time. In recent years, this way of listing has ushered in its second spring, attracting famous underwriters and investors. According to data from SPAC Insider, there were 248 SPAC cases in the U.S. market in 2020, which accumulated a total of approximately 83 billion U.S. dollars raised, 50.9% of the total US stock IPO size. In the first quarter of 2021 alone, the number of SPAC IPOs reached 308, surpassing the number of SPAC IPOs for the whole of last year.

GIBXSWAP is committed to providing real value, fairness, and innovation for decentralized finance through high-quality products and services, becoming the benchmark of the DEX platform and the leading DEX platform in the token exchange market. GIBXSWAP is fast and safe, which allows anyone to exchange and earn tokens.

GIBXSWAP has shown great potential after its listing and has received extensive attention from the market. On Twitter, the GIBXSWAP’s fans increased to more than 46,600 in a short period of time while the TG community has more than 90,000 members. As for the market outlook performance of GIBXSWAP, market analysis is very optimistic, and the price is expected to continue to hit new heights. According to the judgment of industry experts and analysts, the price of GIBXSWAP will reach US$23.62 in 2030.

GIBXSWAP was established on the basis of the digital asset exchange GIBXChange. GIBXChange is an international integrated Internet brokerage company under the Global Investment Bank and Capital Trust. It is a diversified group of AFF Multi Finance Group, an international integrated digital asset exchange, and LP flow provider under the Global Investment Bank and Capital Trust. At the same time, GIBXChange holds a global authoritative financial license, is able to guarantee the safety of customer funds, and has strategic partnerships with huge global strength and the world’s top mobile suppliers.

GIBX will act as the initiator of SPAC, and we are currently looking for co-founders to create SPAC’s listing. We are open for members to use GUSDT™ to exchange the shares of SPAC, and you will have the opportunity to become a shareholder of SPAC. Moreover, the company will also accept X tokens from GIBXSWAP in exchange for SPAC founder’s shares. GIBXSWAP’s lawyers will help our members complete the relevant KYC process, and will also issue stock certificates to members who use GUSDT™ to convert into SPAC stocks.

GIBXSWAP will have a total of 20 million shares open for the public to exchange, whereby the 20 million shares will be exchanged in 5 stages.

• In the first round, we call it the seed round. The price of one share is only $5, and there are only 1 million shares.
• In the second round is named the “angel round”. The price of one share is $6 with only 2 million shares available.
• The third round is the private placement round. The price of one share is $7 with only 3.5 million shares available.
• The fourth round is called A. The price of one share is $8, with only 5.5 million shares available.
• The fifth round is called B. The price of one share is $9, with 8 million shares available.

If you refer to the table above, it is obvious that if you participate earlier, you can exchange equity at a lower price, which is very worthwhile. Each round of sales will only last for two weeks. Once all the shares are sold out, there will be no more issuance. The goal of GIBXSWAP is to reach a SPAC of 500 million to 1 billion U.S. dollars.

X’s value is unlimited. GIBXSWAP will be among the leading exchanges in the future, and its future market value is conservatively estimated to be more than hundreds of times.