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

Mortgage Lender Better Plans SPAC Deal On $7.7 Billion Valuation
Mortgage Lender Better Plans SPAC Deal On $7.7 Billion Valuation
May 10, 2021  |  IPO

Better, a startup mortgage lender, is going public by merging with a special purpose acquisition company (SPAC), the startup announced in a press release Tuesday...

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Bird Seeks Public Offering Via SPAC At $2.3 Billion Valuation
Bird Seeks Public Offering Via SPAC At $2.3 Billion Valuation
May 10, 2021  |  IPO

Electric scooter company Bird is looking to go public with special purpose acquisition company (SPAC) Switchback II Corporation, dot.LA reported. The proposed deal values Bird at...

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Report: 30+ Startups Got PPP Loans, Then Merged With SPACs
Report: 30+ Startups Got PPP Loans, Then Merged With SPACs
May 10, 2021  |  Loans

Dozens of companies sought and received federal assistance through the Payroll Protection Program (PPP) that Congress created to help small businesses survive COVID-19 shutdowns, and...

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Flywire’s SEC Filing Highlights  $11.7T Payments Modernization Opportunity
Flywire’s SEC Filing Highlights $11.7T Payments Modernization Opportunity
May 09, 2021  |  IPO

The parade of “disruptors” in the financial services and payments spaces — via public listings on Wall Street — continues. Affirm went public earlier this...

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Luxury Gym Equinox Weighs Going Public Via SPAC
Luxury Gym Equinox Weighs Going Public Via SPAC
May 04, 2021  |  IPO

Luxury gym operator Equinox Holdings, often used by celebrities and financiers, might end up merging with a special purpose acquisition company (SPAC) backed by investor...

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Report: Stock Prices For SPACs Down 39 Pct
Report: Stock Prices For SPACs Down 39 Pct
May 02, 2021  |  IPO

Shares of special-purpose acquisition companies (SPACs) have fallen out of favor a bit since their all-time highs, the Financial Times reported on Sunday (May 2)....

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Sen. Kennedy’s SPAC Bill Calls For Disclosure Transparency
Sen. Kennedy’s SPAC Bill Calls For Disclosure Transparency
April 29, 2021  |  Legal & Regulation

Sen. John Kennedy of Louisiana has introduced a new act to help promote transparency in special purpose acquisition companies (SPACs), according to a press release....

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Today In Digital-First Banking: LendingClub’s Q1 Loan Originations Increase By 63 Pct; US Bank Provides SPAC Solutions
Today In Digital-First Banking: LendingClub’s Q1 Loan Originations Increase By 63 Pct; US Bank Provides...
April 29, 2021  |  Banking

In today’s top news in digital-first banking, LendingClub reported that loan originations grew by 63 percent quarter over quarter, while U.S. Bank is rolling out...

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U.S. Bank Offers Custom, Turn-Key SPAC Solutions
U.S. Bank Offers Custom, Turn-Key SPAC Solutions
April 28, 2021  |  Banking

U.S. Bank is rolling out new solutions for special purpose acquisition companies (SPACs), including segregated trust accounts for SPAC proceeds, statements and secure reporting of...

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