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

LeakBot Becomes Ondo as Part of Reverse Merger With Spinnaker Acquisitions
LeakBot Becomes Ondo as Part of Reverse Merger With Spinnaker Acquisitions
March 21, 2022  |  Partnerships

Special purpose acquisition company (SPAC) Spinnaker Acquisitions has finalized a reverse merger with LeakBot, a B2B InsurTech, that creates a new entity named Ondo InsurTech,...

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SPAC Efforts to Keep Investors Aboard May Not Be Enough to Calm Turbulence
SPAC Efforts to Keep Investors Aboard May Not Be Enough to Calm Turbulence
March 21, 2022  |  SPAC

In the land of special purpose acquisition companies (SPACs), turbulence lies ahead. To that end, as noted by Reuters, SPACs have been embracing any number...

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Hong Kong Markets See First SPAC Deal
Hong Kong Markets See First SPAC Deal
March 18, 2022  |  SPAC

The Hong Kong market saw its first special purpose acquisition company (SPAC) deal close Friday (March 18), with several more on their way. As The...

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Chinese Startups’ SPAC Listings on Hold
Chinese Startups’ SPAC Listings on Hold
March 10, 2022  |  SPAC

Chinese startups on track to go public with blank-check firms are facing challenges as Beijing tightens scrutiny on overseas investors, executives told Reuters. “We badly...

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SPACs Turn to Alternative Funding as Investor Cash Dries Up
SPACs Turn to Alternative Funding as Investor Cash Dries Up
March 07, 2022  |  SPAC

Dealmakers looking at taking companies public through special purpose acquisition company (SPAC) mergers are having trouble finding investors, and have been making short-term agreements with...

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$1B SPAC Deal Could Be on the Table for Beauty Software Startup Perfect
$1B SPAC Deal Could Be on the Table for Beauty Software Startup Perfect
March 03, 2022  |  SPAC

Beauty software-as-a-service (SaaS) startup Perfect Corp. is mulling an initial public offering (IPO) via a merger with special purpose acquisition company (SPAC) Provident Acquisition Corp.,...

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SPAC Serendiptiy Capital Files With SEC to Pull Plug on $250M IPO
SPAC Serendiptiy Capital Files With SEC to Pull Plug on $250M IPO
March 02, 2022  |  IPO

Instead of launching its initial public offering (IPO) on Monday (Feb. 28), special purpose acquisition company (SPAC) Serendipity Capital Acquisition pulled the plug and filed...

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Data: Half of SPAC Startups With Less Than $10M in Revenue Failed to Meet 2021 Financial Targets
Data: Half of SPAC Startups With Less Than $10M in Revenue Failed to Meet 2021...
February 27, 2022  |  SPAC

Startups have not been doing as well as had been advertised, with a Friday (Feb. 25) Wall Street Journal report finding that several of them...

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Circle Valued at $9B Following New SPAC Agreement
Circle Valued at $9B Following New SPAC Agreement
February 17, 2022  |  SPAC

USD Coin issuer Circle has formed a new agreement with special purpose acquisition company (SPAC) Concord Acquisition Corp. that values Circle at $9 billion. Circle...

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