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

Bancorp Founder Betsy Cohen To Take New SPAC Public
Bancorp Founder Betsy Cohen To Take New SPAC Public
August 26, 2020  |  IPO

Betsy Cohen, who founded and formerly operated The Bancorp, is planning to take a $750 million shell company public this week. Get the Full Story...

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Mattress Retailer Casper Seeks To Raise $300M For A New SPAC
Mattress Retailer Casper Seeks To Raise $300M For A New SPAC
August 19, 2020  |  IPO

Mattress retailer Casper Sleep Inc. hopes to raise $300 million for a blank-check company, as shares of the New York-based firm have fallen by nearly 38...

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Ackman Launches New ‘Blank-Check’ Firm As IPO Alternative For A ‘Mature Unicorn’
Ackman Launches New ‘Blank-Check’ Firm As IPO Alternative For A ‘Mature Unicorn’
July 22, 2020  |  Investments

Hedge fund billionaire Bill Ackman launched his “special purchase acquisition company” (or SPAC) on the New York Stock Exchange (NYSE) Wednesday (July 22), positioning the...

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