Social Capital Hedosophia Holdings Corp. V is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses. Incorporated in Delaware, the company exists as a blank‐check vehicle with no commercial operations until it completes a business combination. It trades on the OTC Markets under the ticker IPOEU.
The company’s primary aim is to identify and partner with a target business operating in sectors such as technology, media, telecommunications, consumer, industrial or other high‐growth industries. By leveraging its status as a publicly listed shell company, Social Capital Hedosophia Holdings Corp. V seeks to provide private companies with access to public markets, strategic capital and equity upside without undertaking a traditional initial public offering process.
Social Capital Hedosophia Holdings Corp. V is sponsored by Social Capital, a venture capital firm founded by Chamath Palihapitiya, and Hedosophia, a British investment vehicle. The partnership brings together Social Capital’s technology investment expertise and Hedosophia’s track record in structuring and managing special purpose acquisition companies. Together, they have sponsored multiple blank‐check companies, drawing interest from early‐stage innovators looking to scale through public financing.
Governed by a management team with backgrounds in venture capital, corporate finance and public company governance, Social Capital Hedosophia Holdings Corp. V is headquartered in Delaware, with advisory support in Menlo Park, California and London. Until it announces and completes a definitive business combination, the company’s activities are limited to evaluating potential targets, conducting due diligence and preparing to consummate its initial merger transaction.
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