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

Today In Payments: Barr Plans To File Google Antitrust This Month; Instacart Announces Deal With 7-Eleven

Today In Payments: Barr Plans To File Google Antitrust This Month; Instacart Announces Deal With 7-Eleven
Today In Payments: Barr Plans To File Google Antitrust This Month; Instacart Announces Deal With...
September 04, 2020  |  News

In today’s top news, U.S. Attorney General William Barr plans to file an antitrust case against Google this month, and Instacart announced a deal with...

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SPAC Investor Ackman In Limited Talks With Stripe For IPO
SPAC Investor Ackman In Limited Talks With Stripe For IPO
September 03, 2020  |  IPO

Billionaire investor Bill Ackman said he’s had preliminary discussions with Airbnb and Stripe, among others, about helping them to go public, Bloomberg reported. The process...

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Utz And The (Public) Lure Of A Snack SPAC
Utz And The (Public) Lure Of A Snack SPAC
August 31, 2020  |  IPO

In the consumer packaged goods space, snack SPACs are showing some teeth. Special purpose acquisition companies – or SPACs, as they are more commonly known...

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SPACs ‘Not A Fit For Every Company’ Says DraftKings Chief
SPACs ‘Not A Fit For Every Company’ Says DraftKings Chief
August 30, 2020  |  Investments

Fantasy gaming company DraftKings CEO Jason Robins thinks the special purpose acquisition company (SPAC) market might be getting a little too big and hopes it...

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Retail’s Digital Shift, SPACs, And DoorDash’s IPO Plans Top This Week’s News
Retail’s Digital Shift, SPACs, And DoorDash’s IPO Plans Top This Week’s News
August 28, 2020  |  News

It’s the end of another week and the end of a busy month. The PYMNTS Weekender is here to catch you up on the latest...

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This Week In Payments: MerchantE’s Sandra Blair On Amazon’s Busy Week And The Secret To Salesforce’s Success
This Week In Payments: MerchantE’s Sandra Blair On Amazon’s Busy Week And The Secret To...
August 28, 2020  |  News

It’s been another busy week in payments and commerce, as summer winds down and the world gears up for an autumn where nothing seems certain...

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The Specs on SPACs – And Why Blank-Check Firms Get Backing
The Specs on SPACs – And Why Blank-Check Firms Get Backing
August 26, 2020  |  IPO

As U.S. stock-market indices make new highs, an acronym that’s perhaps less familiar to investors — “SPAC” — is gaining traction. It represents a different...

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Bancorp Founder Betsy Cohen To Take New SPAC Public
Bancorp Founder Betsy Cohen To Take New SPAC Public
August 26, 2020  |  IPO

Betsy Cohen, who founded and formerly operated The Bancorp, is planning to take a $750 million shell company public this week. CNBC reported that FTAC...

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