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

SeatGeek Reportedly Files Confidentially for IPO Amid Events Industry Boom

SeatGeek Reportedly Files Confidentially for IPO Amid Events Industry Boom
SeatGeek Reportedly Files Confidentially for IPO Amid Events Industry Boom
April 19, 2023  |  IPO

SeatGeek has reportedly filed confidentially for an initial public offering (IPO). The event ticketing firm is making the move as people continue to return to...

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SPAC Companies Heave Under Billions of Goodwill Write-Downs
SPAC Companies Heave Under Billions of Goodwill Write-Downs
April 09, 2023  |  SPAC

The recent wave of SPAC mergers led to billions in goodwill write-offs last year. The trend — reported recently by The Wall Street Journal —...

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SPAC Evo Acquisition Receives Noncompliance Letters From Nasdaq
SPAC Evo Acquisition Receives Noncompliance Letters From Nasdaq
April 06, 2023  |  SPAC

Evo Acquisition Corp. has received two noncompliance letters from Nasdaq. The special purpose acquisition company (SPAC) received a letter on April 3 notifying it that...

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Boxed Bankruptcy Shows Cracks in Pandemic’s SPAC Funding Frenzy
Boxed Bankruptcy Shows Cracks in Pandemic’s SPAC Funding Frenzy
April 04, 2023  |  Retail

It seems like a lifetime ago — SPACs were the “it” way to take companies public. And during the pandemic, eCommerce delivery businesses were the...

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Global Freight Platform Freightos Goes Public and Raises $80M
Global Freight Platform Freightos Goes Public and Raises $80M
January 25, 2023  |  Investments

Global freight booking and payment platform Freightos is going public. The firm said in a Wednesday (Jan. 25) press release that it has closed its...

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Circle Blames SEC for Collapse of $9B SPAC
Circle Blames SEC for Collapse of $9B SPAC
January 25, 2023  |  Cryptocurrency

Stablecoin company Circle says the SEC is to blame for its failure to go public. The company told the Financial Times (FT) in an interview...

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Crypto IPO Listings Wither Under SEC Spotlight
Crypto IPO Listings Wither Under SEC Spotlight
January 24, 2023  |  IPO

Cryptocurrency firms are facing new levels of government scrutiny as they try to go public. At least three companies — Bullish Global, Circle Internet Financial, and eToro...

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January’s FinTech SPAC Freeze Reflects Widespread Chill on Wall Street
January’s FinTech SPAC Freeze Reflects Widespread Chill on Wall Street
January 20, 2023  |  SPAC

The special purpose acquisition company (SPAC) may not be dead, but its pulse is pretty faint. January has thrown a deep chill for public listings...

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