Monday, May 20, 2024 | Baltimore, MD
FOLLOW US:

Gaithersburg SPAC seeks an acquisition target in real estate industry

July 31, 2023

Special-purpose acquisition companies, or SPACs, may have fallen out of favor in the past year as a corporate vehicle to acquire and take companies public — but a Gaithersburg group is forging ahead despite those odds. Blank-check company 99 Acquisition Group Inc., was formed and led by Hiren Patel as chairman and CEO, who’s also CEO of D.C.-area e-commerce, real estate and contracting firm Intelvative.

Article Source: Washington Business Journal

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.