Industrial Stars of Italy 3 SpA is an Italy-based company that is engaged in the financial industry. The Company operates as Special Purpose Acquisition Company (SPAC). Industrial Stars of Italy 3 SpA acquires entities or operating business through merger, share purchase or other financial transaction. SPAC is an investment vehicle that allows public stock market investors to invest in private equity type transactions, as well as through buyouts. It raises money to go public first, and then looks for a private company to buy, mostly in the high-tech sector. SPAC is an instrument of low investment risk profile up to the time of the acquisition process, as well as gains upside profits of success of the operation.