Morgan Creek-Exos Active SPAC Arbitrage ETF
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About

Under normal market conditions, the fund seeks to invest primarily in units made up of common stock, warrants and rights of U. S.-listed special purpose acquisition companies (“SPACs”). A SPAC is a “blank check” company with no commercial operations that is designed to raise capital via an IPO for the purpose of engaging in a merger, acquisition, reorganization, or similar business combination with one or more operating companies.

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