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The new index provides investors with a benchmark and the ability to access pure-play SPACs.

"We have seen the SPAC market becoming more active lately", says Alex Gavrish, CEO of Etalon Capital. "Although more risky and opaque, SPAC companies share many characteristics similar with spin-offs. It is a natural assumption that interesting investment opportunities could be found in this niche as well. The new index will give investors more information and add transparency to this market segment."

The U.S. SPAC Index www.spacindex.com is a unique, rules-based index that tracks the performance of Special Purpose Acquisition Corporations listed in the United States. The index tracks the performance of a representative portfolio of SPAC vehicles that have an enterprise value of at least $1 billion.

The index will track the performance of SPAC companies which announced or completed an acquisition or merger transaction within the last three years. Companies are expected to remain in the index for up to 36 months since addition.

Alex Gavrish, Chief Executive Officer of Etalon Capital, said, "Merger or acquisition by SPAC vehicle of an operating business represents an important corporate event. Similarly to spin-off it becomes an important turning point in company's story. SPACs are a relatively small and opaque segment of the market and we hope that this index will provide more information on these events and highlight interesting investment opportunities."