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

Redbox Strikes Deal To Go Public Via Merger With SPAC

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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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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