SPAC

$126.5 Million SPAC Formed to Acquire Black Owned Firms

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Shawn Rochester is the CEO of Minority Equality Opportunities Acquisition Inc. (“MEOA”) the first minority-led special purpose acquisition company (SPAC) listed on the Nasdaq.

The company will focus its search and transactions on historically undercapitalized minority-owned/controlled businesses in various industry sectors across the country.

In this episode, Shawn discusses:

  • Being the only SPAC working with a Black owned bank
  • MEOA exceding its initial $100M goal and and raising $126M
  • How his company plans to help Black businesses grow through aquisition
  • What MBE’s need to have in place in order to qualify as an ideal investment
  • The need for more Black capital providers and Black led investment firms
  • The cultural disconnect that prevents some non Black firms from investing in Black companies.
  • The importance of building a well capitalized business infrastructure in the Black community
  • The inspiration behind his book “The Black Tax: The Cost of Being Black in America”

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Tony O. Lawson


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1 Comment

  1. Shawn Rochester is very necessary as a leader of our cause. His due diligence with educating willing minds is absolutely necessary to our people. If more of us were as preoccupied with his passion for understanding the financial pitfalls we face, than sports and reality television, we’d be in better shape. He he could educate us to envisioning what reparation should look like.

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