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

M&A Deals Hit Record Levels; SPACs Aid Surge

M&A Deals Hit Record Levels; SPACs Aid Surge
M&A Deals Hit Record Levels; SPACs Aid Surge
June 04, 2021  |  Partnerships

Global mergers and acquisitions (M&As) have set record amounts for three months in a row, the latest being May. Reuters reported on Friday (June 4)...

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Today In Payments: EU Advances Plans For Digital Wallet; Circle Finalizes $440M Financing
Today In Payments: EU Advances Plans For Digital Wallet; Circle Finalizes $440M Financing
June 01, 2021  |  News

In today’s top news, the European Union (EU) is planning to announce an EU-wide digital wallet, and Circle has raised $40 million. Plus, U.S. officials...

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Consumer Savings App Acorns To Go Public Via SPAC At $2.2B Valuation
Consumer Savings App Acorns To Go Public Via SPAC At $2.2B Valuation
May 27, 2021  |  IPO

Acorns Grow Inc., which offers a savings and investing app, is poised to go public by combining with Pioneer Merger Corp, a special-purpose acquisition company...

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SEC OKs Nasdaq Proposal To Allow IPO Alternative
SEC OKs Nasdaq Proposal To Allow IPO Alternative
May 23, 2021  |  IPO

The Nasdaq exchange is permitted to host direct listings of companies going public without involving investment banks under a new ruling by the Securities and...

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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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