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

SPAC Serendiptiy Capital Files With SEC to Pull Plug on $250M IPO

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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SPAC Mergers Fall Off in Early 2022
SPAC Mergers Fall Off in Early 2022
February 14, 2022  |  SPAC

Mergers involving special purpose acquisition companies (SPACs), in which blank-check public companies merge with private ones wanting to go public, are beginning to fall apart,...

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Wall Street Jitters Over Market Volatility Put IPOs on Ice
Wall Street Jitters Over Market Volatility Put IPOs on Ice
February 09, 2022  |  IPO

The once super-hot arena for initial public offerings (IPOs) is being put on ice as Wall Street jitters over market volatility send startups turning to...

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Sen Warren Criticizes PetSmart’s $14B SPAC Plans
Sen Warren Criticizes PetSmart’s $14B SPAC Plans
February 07, 2022  |  SPAC

Sen. Elizabeth Warren has criticized a plan to take PetSmart public via a special purpose acquisition company (SPAC), saying the proposed $14 billion deal underlines...

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IPO Deal Volume Down 60% Compared to ’21
IPO Deal Volume Down 60% Compared to ’21
January 30, 2022  |  IPO

IPOs haven’t been doing so well – deal volume is down 60% compared to the same time last year, Bloomberg writes. Around the world, there’s...

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SPACs Take Center Stage in Singapore with Three Listings
SPACs Take Center Stage in Singapore with Three Listings
January 21, 2022  |  SPAC

Two special purpose acquisition companies (SPACs) started trading in Singapore since the start of the new year, and a third SPAC is set to follow...

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