blank-check company blank check company ( plural blank check companies ) ( business , informal ) A company that exists solely for the purpose of merging with or acquiring another entity....
The meaning of BLANK CHECK COMPANY is a corporate shell set up by investors for the sole purpose of raising money through an initial public offering to acquire another business yet to be determined...
/spæk/), also known as a "blank check company", is a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus making the private...
A blank check company is a developmental stage company that has no specific business plan or has the intent to merge or acquire another firm.
A blank check company is a development stage company that has no specific business plan or purpose or has indicated its business plan is to engage in a merger or acquisition with an unidentified co...
How SPACs work ; The group of people who organize a SPAC are known as the sponsors. The sponsors may have expertise and connections in a particular industry. They receive shares at a discount (often known as the “promote” or “founders’ shares”) to compensate them for their efforts. The sponsors then work with an investment bank to file a prospectus and, eventually, an IPO. In most cases, the IPO shares are priced at $10 each. The sponsors agree to take the funds raised and use them to acquire a private, operating business. In most cas ...
^ "Blank Check Company". www.sec.gov. U.S. Securities and Exchange Commission. 28 October 2014. Retrieved 26 November 2016. ^ Claudia Durst Johnson; James H. Meredith (2004). Understanding...
DealBook Newsletter Big Blank Checks Share full article Bill Ackman aims to raise the biggest blank-check fund ever. Brendan McDermid/Reuters Enjoy unlimited access to all of The Times. See...
There is a likely apocryphal company from the 1720 South Sea financial bubble, a long-forgotten stock market craze in England caused by the rapid appreciation and collapse in the stock of a proposed slave-trading company. Companies were created left and right, many with unclear purposes, including one venture: “For carrying-on an undertaking of great advantage but no-one to know what it is.” · That’s a good summary of what special purpose acquisition companies, or “blank check” companies, are: Investors are expected to trust a manage ...
A blank check company is a special purpose acquisition company (SPAC). It's created for the purpose of merger or acquisition opportunities. Learn more here.