SPAC

A special purpose acquisition company, also known as a "blank check company" is a shell corporation listed on a stock exchange with the purpose of acquiring a private company, thus making it public without going through the traditional initial public offering process.

Source: en.wikipedia.org

EMEA Daily: EU, UK Look to New Crypto Regulations

EMEA Daily: EU, UK Look to New Crypto Regulations
EMEA Daily: EU, UK Look to New Crypto Regulations
June 01, 2022  |  Cross-border Payments

In today’s top stories from Europe, the Middle East and Africa (EMEA), the European Supervisory Authorities said cryptocurrency exchanges that break money laundering rules should...

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Israeli Freight Platform Freightos to Go Public Via SPAC
Israeli Freight Platform Freightos to Go Public Via SPAC
May 31, 2022  |  SPAC

Israeli digital freight booking and payment platform Freightos will go public through a merger with special purpose acquisition corporation (SPAC)  Gesher Acquisition, the companies announced...

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Senator Warren’s SPAC Bill Aims to Rein in Losses, Abuses
Senator Warren’s SPAC Bill Aims to Rein in Losses, Abuses
May 31, 2022  |  SPAC

U.S. Sen. Elizabeth Warren (D-Mass.) is planning to introduce a bill aimed at curbing abuses and losses in deals surrounding special purpose acquisition companies (SPACs)...

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Amex Global Business Travel Going Public on NYSE
Amex Global Business Travel Going Public on NYSE
May 27, 2022  |  Stock Index

B2B travel platform American Express Global Business Travel will begin its life as a public company Tuesday (May 31) after the three-day Memorial Day weekend,...

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Today in FinTech: Alternative Lending; Airfreight Payments; Blockchain Tech
Today in FinTech: Alternative Lending; Airfreight Payments; Blockchain Tech
May 27, 2022  |  Technology

In today’s FinTech news, the growing FinTech ecosystem is getting support from the latest alternative asset-based lending fund Viola Credit. Plus, WebCargo is introducing a...

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Smart Car Firm ECARX Plans $3.8B SPAC
Smart Car Firm ECARX Plans $3.8B SPAC
May 26, 2022  |  SPAC

Smart car tech startup ECARX said it is going public through a special purpose acquisition company merger that values the firm at $3.8 billion. According...

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Data Shows 77% of Financial Restatements to SEC Were SPACs
Data Shows 77% of Financial Restatements to SEC Were SPACs
May 25, 2022  |  SPAC

Corporate restatements reached a 15-year high last year as hundreds of special purpose acquisition companies (SPACs) were instructed to fix multiple rounds of pervasive accounting...

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Today in the Connected Economy: Google Rolls Out New Digital Wallet
Today in the Connected Economy: Google Rolls Out New Digital Wallet
May 11, 2022  |  Connected Economy

Today in the connected economy, Google unveils a new digital wallet, as well as new security features for online purchases with the help of Visa....

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