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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

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