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

SPACs, Or Blank-Check Companies, Raise Record Quarterly Amount

SPACs, Or Blank-Check Companies, Raise Record Quarterly Amount
SPACs, Or Blank-Check Companies, Raise Record Quarterly Amount
March 17, 2021  |  Investments

The use of special-purpose acquisition companies (SPACs) to go public boomed in 2020. The growth of these blank-check companies has exploded even more in the...

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Today In Payments: Coupang Files $4.6 Billion US IPO; LendingClub Q4 Loan Volume Rebounds By 56 Pct
Today In Payments: Coupang Files $4.6 Billion US IPO; LendingClub Q4 Loan Volume Rebounds By...
March 11, 2021  |  News

In today’s top news, Coupang raised $4.6 billion in its IPO, and LendingClub reported that loan volumes were up 56 percent in the fourth quarter....

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Investors Flock To SPACs Based On Celebrity Backings
Investors Flock To SPACs Based On Celebrity Backings
March 10, 2021  |  Investments

Investors from all levels of expertise have been flocking to special purpose acquisition companies (SPACs), a tendency that has some financial planners — and the...

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InsurTech Firms Take SPAC Path To Wall Street
InsurTech Firms Take SPAC Path To Wall Street
March 04, 2021  |  IPO

The only sure things in life, they say, are death and taxes. And maybe the parade of continued special purpose acquisition companies (SPACs) – at...

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Today In Payments: US SPAC Tailwind Hunting For European Unicorns; Zoom Expects Post-Pandemic Business To Remain Brisk
Today In Payments: US SPAC Tailwind Hunting For European Unicorns; Zoom Expects Post-Pandemic Business To...
March 02, 2021  |  News

In today’s top news, SPAC Tailwind is hunting for a European tech unicorn to take public, and Zoom expects remote business demand to continue post-pandemic....

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US SPAC Tailwind Hunting For European Unicorns To Take Public
US SPAC Tailwind Hunting For European Unicorns To Take Public
March 02, 2021  |  Investments

Tailwind International, a U.S. special purpose acquisition company (SPAC), is on the hunt for European tech unicorns to take public, according to The Financial Times...

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Red-Hot IPO Market Draws Payments Firms, FinTechs
Red-Hot IPO Market Draws Payments Firms, FinTechs
February 28, 2021  |  IPO

By any measure, initial public offerings (IPOs) were hot last year, buoyed in part by the embrace by retail investors of special purpose acquisition companies...

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Berkshire Grey Partners With SPAC Revolution Acceleration Acquisition
Berkshire Grey Partners With SPAC Revolution Acceleration Acquisition
February 24, 2021  |  Partnerships

Berkshire Grey (BG) has closed a deal with the special purpose acquisition company (SPAC) Revolution Acceleration Acquisition Corp (RAAC) to file a public offering with...

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