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

Car-Sharing Platform Getaround Going Public in SPAC Deal

Car-Sharing Platform Getaround Going Public in SPAC Deal
Car-Sharing Platform Getaround Going Public in SPAC Deal
May 11, 2022  |  SPAC

Digital car-sharing marketplace Getaround is going public through a special purpose acquisition company (SPAC) deal with InterPrivate II Acquisition Corp., with a combined value of...

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Dating App Grindr Set to Go Public Via SPAC
Dating App Grindr Set to Go Public Via SPAC
May 10, 2022  |  SPAC

Gay dating app Grindr is going public through a merger with a special purpose acquisition company (SPAC) firm that would value the company at $2.1...

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Goldman Sachs Pauses New SPAC Offerings Amid Regulatory Pressures
Goldman Sachs Pauses New SPAC Offerings Amid Regulatory Pressures
May 09, 2022  |  SPAC

Goldman Sachs has paused new special purpose acquisition company (SPAC) offerings, which has added more complications to the lagging market as regulators turn a more...

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CFA Institute Tells SEC to Tighten Disclosure Regs for SPAC Sponsors
CFA Institute Tells SEC to Tighten Disclosure Regs for SPAC Sponsors
May 08, 2022  |  SPAC

The CFA Institute, the organization for investment professionals, is telling regulators to tighten disclosure requirements for SPAC sponsors, the Financial Times reported Sunday (May 8)....

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Elliott Management Backs SPAC Deal for Travel-Tech Company Mondee
Elliott Management Backs SPAC Deal for Travel-Tech Company Mondee
April 24, 2022  |  Investments

Elliott Management, a hedge fund, will be investing in a special purpose acquisition company (SPAC), even as those have lost much of their appeal, a...

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Today in FinTech: Stripe Connect Assists Freelancers; Fed Master Accounts Help FinTechs
Today in FinTech: Stripe Connect Assists Freelancers; Fed Master Accounts Help FinTechs
April 22, 2022  |  Technology

In today’s FinTech news, freelancers and creators are getting paid faster with Stripe Connect, while the Federal Reserve is opening up master accounts to more...

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Navigation Capital Cancels Four SPAC Deals as Industry Cools
Navigation Capital Cancels Four SPAC Deals as Industry Cools
April 22, 2022  |  SPAC

Investment firm Navigation Capital Partners has canceled plans for four new special purpose acquisition companies (SPACs) in less than 24 hours, part of a trend...

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Citigroup Temporarily Halts SPACs Awaiting Legal Clarity
Citigroup Temporarily Halts SPACs Awaiting Legal Clarity
April 05, 2022  |  SPAC

Citigroup is temporarily pulling the plug on public offerings with special purpose acquisition companies (SPACs) until it gets legal clarity about proposed legislation and what...

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