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

Report: Jeffrey Katzenberg’s Quibi Considers Sale, Other Options

Report: Jeffrey Katzenberg’s Quibi Considers Sale, Other Options
Report: Jeffrey Katzenberg’s Quibi Considers Sale, Other Options
September 21, 2020  |  Business

Quibi, a streaming service app founded by media mogul Jeffrey Katzenberg, is considering its options, including a possible sale, according to The Wall Street Journal....

READ MORE >
Online Home Seller Opendoor To Go Public Via $4.8B SPAC Deal
Online Home Seller Opendoor To Go Public Via $4.8B SPAC Deal
September 15, 2020  |  IPO

Real estate platform Opendoor is set to go public via a merger with blank-check company Social Capital Hedosophia II in a deal that will value...

READ MORE >
Social Capital Hedosophia Launches New SPAC, Seeks $500M
Social Capital Hedosophia Launches New SPAC, Seeks $500M
September 15, 2020  |  Markets

Social Capital Hedosophia is looking to raise $500 million for a new blank check company, Bloomberg writes. The vehicle is a partnership between veteran investors...

READ MORE >
Today In Payments: Uber Eats Adds Contactless Ordering For Dining In; Consumer Sentiment Uncertain As Holidays Approach
Today In Payments: Uber Eats Adds Contactless Ordering For Dining In; Consumer Sentiment Uncertain As...
September 14, 2020  |  News

In today’s top news, Uber Eats added a contactless ordering feature for users who are dining in, and U.S. consumer sentiment looks uncertain as the...

READ MORE >
Hot In The States, SPACs Might Have Global Appeal
Hot In The States, SPACs Might Have Global Appeal
September 14, 2020  |  IPO

Amid a red-hot IPO market here in the United States, some of the most incandescent new listings have come from special-purpose acquisition companies (SPACs). To...

READ MORE >
Real Estate Startup Opendoor In Talks To Go Public
Real Estate Startup Opendoor In Talks To Go Public
September 13, 2020  |  Partnerships

Opendoor, a San Francisco-based startup that offers a one-stop-shop for buying and selling real estate, is negotiating to go public with a California blank-check company,...

READ MORE >
SPAC Starboard Value Acquisition Launches $360M IPO
SPAC Starboard Value Acquisition Launches $360M IPO
September 10, 2020  |  Investments

“Blank check” company Starboard Value Acquisition Corp. announced on Thursday (Sept. 10) that it had priced its upsized 36-million-unit initial public offering at $10 per...

READ MORE >
Walmart+, Amazon Pay, and The Battle For The Digital Consumer Top This Week’s News
Walmart+, Amazon Pay, and The Battle For The Digital Consumer Top This Week’s News
September 04, 2020  |  The Weekender

Labor Day weekend is here, bring us some welcome respite from a long summer. The PYMNTS Weekender has all the latest reading material on payments...

READ MORE >