CrossingBridge Pre-Merger SPAC ETF (SPC)

Overview

The fund is a unique financial entity that stands out as an actively managed exchange-traded fund (ETF) primarily focusing on investment in Special Purpose Acquisition Companies (SPACs). It is designed for investors looking for opportunities in SPACs, particularly those that are yet to complete a shareholder-approved merger or business combination. This ETF makes a significant commitment by investing at least 80% of its net assets, along with borrowing for investment purposes, in the common stock and units of these SPACs. It aims to capitalize on SPACs that are trading at or below the SPAC’s pro rata trust account value at the time of purchase. Being non-diversified, it adopts a focused investment approach, concentrating on entities that offer the potential for lucrative returns prior to their business combination transactions.

Products and Services

• Actively Managed Exchange-Traded Fund (ETF)

  This product offers investors a dynamic way to invest in the market of SPACs. Unlike passive ETFs that track a specific index, this actively managed ETF endeavors to outperform the market through strategic selection and timing of investments. It focuses on SPACs across a broad spectrum of industries, allowing investors access to a diversified portfolio of pre-merger SPACs.

• Special Purpose Acquisition Companies (SPACs) Investments

  The core of the fund's strategy lies in its investment in SPACs – companies specifically established to pool funds in order to finance a merger or acquisition within a set timeframe. By concentrating on SPACs trading at or below their trust account value, the fund aims to safeguard investors' capital while maintaining the potential for significant gains post-merger or acquisition. This approach ensures investments are made in SPACs deemed undervalued or priced fairly relative to their embedded trust value, providing a unique market advantage.