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

Plastiq CEO: Capital From SPAC Deal Offers ‘Prudent’ Strategic Advantage
Plastiq CEO: Capital From SPAC Deal Offers ‘Prudent’ Strategic Advantage
August 18, 2022  |  SPAC

Not all that long ago, capital was a commodity, Eliot Buchanan, CEO of B2B payments platform Plastiq, told Karen Webster. The credit spigots were open....

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Payments SPACs Face Reckoning as Clock Runs Out on Investment Deadlines
Payments SPACs Face Reckoning as Clock Runs Out on Investment Deadlines
August 16, 2022  |  SPAC

Tick. Tock. Or to quote a bit of T.S. Eliot — hurry up, please, it’s time. For special purpose acquisition companies (SPACs), raising cash the...

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Market Volatility, Souring SPAC Outlook Create Cruel Summer for Crypto M&A
Market Volatility, Souring SPAC Outlook Create Cruel Summer for Crypto M&A
August 16, 2022  |  Cryptocurrency

Sometimes it’s friendly and sometimes it isn’t, but long-planned crypto mergers and SPAC acquisitions have been falling apart in the past month. Since July, five...

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Crypto Mining Firm Prime Blockchain Cancels $1.2B SPAC
Crypto Mining Firm Prime Blockchain Cancels $1.2B SPAC
August 15, 2022  |  Cryptocurrency

Blank-check company 10X Capital Venture Acquisition Corp and crypto mining outfit Prime Blockchain have called off their planned $1.2 billion merger, yet another sign of...

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Signs of Life but No Renaissance for Payments SPACs
Signs of Life but No Renaissance for Payments SPACs
August 05, 2022  |  SPAC

In payments, the rebound in SPAC listings — if we can call it that — will likely be a short one. We wonder: Is the...

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Today in B2B Payments: Embedded Finance in B2B Payments Means Customer Convenience; Open Communication and Tight Oversight for CFOs in 2022
Today in B2B Payments: Embedded Finance in B2B Payments Means Customer Convenience; Open Communication and...
August 04, 2022  |  B2B Payments

Today in B2B payments, FLEETCOR adds Accrualify to continue diversifying its portfolio, while the digital B2B payments shift comes to Wall Street with the Plastiq...

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FinTech Seamless Group to Become Publicly Traded via SPAC, Expand Globally
FinTech Seamless Group to Become Publicly Traded via SPAC, Expand Globally
August 04, 2022  |  SPAC

Global FinTech platform Seamless Group will become publicly traded through a combination with special purpose acquisition company (SPAC) INFINT Acquisition Corp., the two companies announced...

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Plastiq’s SPAC Deal Brings SMB’s Digital B2B Payments Shift to Wall Street
Plastiq’s SPAC Deal Brings SMB’s Digital B2B Payments Shift to Wall Street
August 04, 2022  |  B2B Payments

The digital shift in B2B — and specifically the way small and midsized businesses (SMBs) pay and are paid — now comes full force to...

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Plastiq Plans SPAC Merger With Colonnade in Move to Go Public
Plastiq Plans SPAC Merger With Colonnade in Move to Go Public
August 04, 2022  |  SPAC

Plastiq, a B2B payments platform that empowers the small- to medium-sized business (SMB) economy, is planning to go public via a merger with Colonnade Acquisition...

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