ACAA

Averin Capital Acquisition Corp. is a special purpose acquisition company, often called a SPAC or "blank check" company. It has no products or customers. It raised money from investors by listing shares at about $10 each, and it now holds that cash in a trust while it looks for a private business to merge with. If it finds a deal, shareholders vote on it and the target company becomes publicly traded. If it doesn't, the cash is normally returned to shareholders.