VCXB
- 10X Capital Venture Acquisition Corp. III
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Overview
Company Summary
10X Capital Venture Acquisition Corp. III (VCXB) is a special purpose acquisition company (SPAC) that has been formed with the aim of merging with or acquiring a private company. The company's primary goal is to identify and acquire a target company in the technology, media, and telecom (TMT) sectors.
As a SPAC, 10X Capital Venture Acquisition Corp. III does not have any operational business of its own. Instead, it raises capital through an initial public offering (IPO) and uses that money to find a suitable company to merge with or acquire. The target company is typically a private entity looking to go public, but lacks the means to do so through a traditional IPO.
Once 10X Capital Venture Acquisition Corp. III merges with or acquires a target company, the target company becomes a publicly traded entity, using the SPAC as a vehicle to enter the public markets. This process provides the target company with access to additional capital and liquidity, facilitating its growth and expansion plans.
In summary, 10X Capital Venture Acquisition Corp. III is a SPAC that raises capital through an IPO, with the intention of identifying and acquiring a private company in the technology, media, and telecom sectors, ultimately helping that company go public and access the public markets.