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

Goldman CEO Says SPAC Explosion ‘Unsustainable’
Goldman CEO Says SPAC Explosion ‘Unsustainable’
January 19, 2021  |  Partnerships

Goldman Sachs CEO David Solomon said he doesn’t think the current special purpose acquisition company (SPAC) boom is sustainable, the Financial Times (FT) reported. Companies...

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Billtrust To Make NASDAQ Debut, Trading As BTRS
Billtrust To Make NASDAQ Debut, Trading As BTRS
January 12, 2021  |  B2B Payments

Billtrust, which works in accounts receivable automation and integrated B2B payments, has completed a special purpose acquisition company (SPAC) merger with South Mountain Merger Corp.,...

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Financial Services Platform SoFi Plans IPO Via SPAC
Financial Services Platform SoFi Plans IPO Via SPAC
January 07, 2021  |  IPO

Silicon Valley startup Social Finance (SoFi) is closing a merger deal with blank-check firm Social Capital Hedosophia Holdings Corp. V to file an initial public...

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Direct Listings And SPACs Change The Face of Public Offerings
Direct Listings And SPACs Change The Face of Public Offerings
December 27, 2020  |  IPO

There’s nothing new under the sun, goes the saying. There are just new ways to take it public. As 2020 sunsets, we’ve seen all manner...

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Report: SoftBank Will File For SPAC
Report: SoftBank Will File For SPAC
December 20, 2020  |  IPO

SoftBank on Monday (Dec. 21) is planning to file for a special purpose acquisition company (SPAC) to raise as much as $600 million through an...

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What Might Stop the SPAC Train in its Tracks?
What Might Stop the SPAC Train in its Tracks?
December 17, 2020  |  Retail

And another SPAC comes to market. The list seems unlikely to stop just as 2020 ends — meaning that, of course, the trend will continue...

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Today In Payments: GoCardless Raises $95 Million; BarkBox To Go Public Via SPAC At $1.6 Billion Valuation
Today In Payments: GoCardless Raises $95 Million; BarkBox To Go Public Via SPAC At $1.6...
December 17, 2020  |  News

In today’s top news, GoCardless raised $95 million in a funding round, and BarkBox plans to go public via a special purpose acquisition company (SPAC)....

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SPACs Sparkled In 2020, But What Lies Ahead For Them?
SPACs Sparkled In 2020, But What Lies Ahead For Them?
December 07, 2020  |  IPO

It might be hard in the midst of roaring markets and headlines trumpeting Dow 30,000 to remember that one of 2020’s highest high-flyers has been...

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Report: Digital Lender SoFi Eyes IPO Via SPAC
Report: Digital Lender SoFi Eyes IPO Via SPAC
December 07, 2020  |  IPO

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut...

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