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

Startup Execs Back Away From SPACs After Stock, Earnings Slide
Startup Execs Back Away From SPACs After Stock, Earnings Slide
May 23, 2021  |  IPO

SPACs are losing some of their sparkle among the heads of startup companies, the Wall Street Journal reports. Using Special Purpose Acquisition Companies, or SPACs,...

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UK’s Auto Data Startup Wejo Eyes SPAC Deal
UK’s Auto Data Startup Wejo Eyes SPAC Deal
May 23, 2021  |  IPO

Automotive data startup Wejo, which is backed by General Motors (GM), could be going public soon through Virtuoso Acquisition Corp., a special purpose acquisition company...

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Today In Payments: Amazon Moving Prime Now Ordering To Main App; JPMorgan Launches Morgan Health
Today In Payments: Amazon Moving Prime Now Ordering To Main App; JPMorgan Launches Morgan Health
May 21, 2021  |  News

In today’s top news, Amazon is bringing its Prime Now ordering service to its main Amazon app, and JPMorgan Chase is launching its own healthcare...

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Deal Pipeline For Slumping IPOs And SPACs Suggests Rebound May Be Coming
Deal Pipeline For Slumping IPOs And SPACs Suggests Rebound May Be Coming
May 21, 2021  |  IPO

The PYMNTS IPO/SPAC Tracker finds relatively muted announcements of public listings in the payments/financial services space, with a bit more than two dozen bank listings...

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Redbox Strikes Deal To Go Public Via Merger With SPAC
Redbox Strikes Deal To Go Public Via Merger With SPAC
May 17, 2021  |  Retail

Redbox, which operates a nationwide network of entertainment kiosks, said on Monday (May 17) that it has entered into a definitive deal to merge with...

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Grab’s Valuation In Question After SPAC Partner Altimeter Plummets 28 Pct
Grab’s Valuation In Question After SPAC Partner Altimeter Plummets 28 Pct
May 16, 2021  |  IPO

Altimeter, a blank-check company in charge of merging with delivery giant Grab, is just a few cents above its record low after bottoming at 28...

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InsurTech SPACs In Spotlight, And Bird Takes Flight Toward IPO 
InsurTech SPACs In Spotlight, And Bird Takes Flight Toward IPO 
May 14, 2021  |  IPO

The weekly SPAC/IPO Tracker shows that through the middle of the month, year-to-date banking related listings stood at 25, trailed by a baker’s dozen of...

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Today In Payments Around The World: SoftBank Aims To Have IPO For PayPay; Infobip Raising $500 Million Toward IPO
Today In Payments Around The World: SoftBank Aims To Have IPO For PayPay; Infobip Raising...
May 11, 2021  |  Cross-border Payments

In today’s top payments news around the world, SoftBank is looking to have an initial public offering (IPO) for PayPay, while Infobip aims to raise...

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Hedosophia’s Ian Osborne Eyes Amsterdam Listing Via SPAC
Hedosophia’s Ian Osborne Eyes Amsterdam Listing Via SPAC
May 11, 2021  |  IPO

British investor Ian Osborne — who has been instrumental in propelling the special-purpose acquisition company (SPAC) investment movement in the U.S. — is now trying...

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