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Press Release

U.S. Spacs Ranking 2023

The new Spacs rating for 2023 has just been released by RealRate.

These are the top three Spacs in the U.S., measured by Economic Capital Ratio:

1. TWIN RIDGE CAPITAL ACQUISITION GROUP – 263%
2. ARVANA INC. – 230%
3. MENTOR CAPITAL INC. – 214%

The complete rating of 18 Spacs is published in https://realrate.ai/rankings/

4 companies achieved the ‘Top Rated’ award.

Twin Ridge Capital Acquisition is a special-purpose acquisition company with a team comprised of many of the leading investors and business executives within the Consumer industry. Its headquarters are in Naples, Florida, and was founded in 2021. Its current assets are $217 million.

Founded in 1977 and headquartered in Salk Lake City, Utah, Arvana is a shell company. It seeks to identify and evaluate alternative business opportunities. It has total current assets of $142,000.

Mentor Capital is a public operating company that invests in its larger pre-IPO-related acquisitions and funding. It was founded in 1985 and is based in Dallas, Fort Worth, Texas. It has current assets of $5 million.

CEO Dr. Holger Bartel: “A special purpose acquisition company (SPAC) is a publicly traded company created to acquire or merge with an existing company. US SPACs raise billions of dollars, fueling investments in various industries like tech, healthcare, and EVs. SPAC IPOs surged in 2021, hitting record highs, with over $160 billion raised. Specific revenue figures vary widely among individual SPACs.

A strong financial strength is extremely important in the Spac industry, ensuring Spacs can make every acquisition smooth.”

About RealRate:
RealRate is an international rating agency based in Santa Clara and Berlin, founded in 2021. Using cutting-edge explainable Artificial Intelligence, we provide fair company ratings, avoiding any conflicts of interest. Combining AI and expert knowledge, financial strength is evaluated based on published annual reports. RealRate provides rankings for dozens of industries, like insurance, IT, real estate, food, and pharma. Only the best-rated companies are awarded the RealRate TOP Rated seal.