Creative Investment Research Publishes Analysis of Black-Led SPAC

WASHINGTON - Sept. 15, 2021 - PRLog -- Minority Equality Opportunities Acquisition Inc. is a newly created company formed to purchase and support minority-owned firms. MEOAU is a "Black Check Company" defined as "a special purpose acquisition company..listed on a stock exchange with the purpose of acquiring" private firms.

This firm was formed to "focus initially on transactions with companies that are Minority Owned Businesses, such that, immediately following the completion of our initial business combination, our company would qualify as a Minority Controlled Business." MEOAU
states that:

"In general, a Minority Owned Business is a business at least 51% of the equity ownership interest in which is owned by one or more minority individuals who are United States citizens or legal resident aliens and both the management and daily business operations of which are exercised by one or more minority individuals (with a minority group member being an individual who is at least 25% Asian-Indian, Asian-Pacific, Black, Hispanic or Native American), and a Minority Controlled Business is a business that would qualify for certification as a minority business enterprise by the National Minority Supplier Development Council, Inc."

As we stated in Black Enterprise Magazine,

"MEOA's offering could prompt other investors to create new SPACs and venture capital  funds to invest in Black companies.

This is relevant because it may represent a new and significant source of capital that has not previously been available to Black and minority firms. If it works as intended, you could see billions in new startup and operational capital going to Black firms...the offering's timing was perfect because of the increased attention on Back economic empowerment. That is fueled, he says, by the increased requirement corporations and investors are showing toward their commitment to doing  business with Black firms."

MEAO's initial targets may include Black owned banks or the many newly created firms founded by Black women. For more, see, https://www.linkedin.com/pulse/minority-equality-opportun...

Given MEAO's ultimate motivation, it may not stay with its minority business mission, however, as it pursues profitable opportunities. The firm states that it has "not selected any specific business combination target and..have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target."

To review the Black Enterprise article, see: https://www-blackenterprise-com.cdn.ampproject.org/c/s/ww...