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

Banks Compete To Meet Rising Demands Of Younger Consumers

Banks Compete To Meet Rising Demands Of Younger Consumers
Banks Compete To Meet Rising Demands Of Younger Consumers
June 07, 2021  |  Digital Banking

Another day, another entrant to the public markets by a challenger bank, made possible by a special-purpose acquisition company (SPAC) merger. On Monday (June 7),...

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FinTech Dave Going Public Via SPAC At $4 Billion Equity Value
FinTech Dave Going Public Via SPAC At $4 Billion Equity Value
June 07, 2021  |  IPO

Challenger bank startup Dave is partnering with special-purpose acquisition company (SPAC) VPC Impact Acquisition Holdings III (VPCC), sponsored by Victory Park Capital (VPC), with an...

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M&A Deals Hit Record Levels; SPACs Aid Surge
M&A Deals Hit Record Levels; SPACs Aid Surge
June 04, 2021  |  Partnerships / Acquisitions

Global mergers and acquisitions (M&As) have set record amounts for three months in a row, the latest being May. Reuters reported on Friday (June 4)...

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Consumer Savings App Acorns To Go Public Via SPAC At $2.2B Valuation
Consumer Savings App Acorns To Go Public Via SPAC At $2.2B Valuation
May 27, 2021  |  IPO

Acorns Grow Inc., which offers a savings and investing app, is poised to go public by combining with Pioneer Merger Corp, a special-purpose acquisition company...

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Deal Pipeline For Slumping IPOs And SPACs Suggests Rebound May Be Coming
Deal Pipeline For Slumping IPOs And SPACs Suggests Rebound May Be Coming
May 21, 2021  |  IPO

The PYMNTS IPO/SPAC Tracker finds relatively muted announcements of public listings in the payments/financial services space, with a bit more than two dozen bank listings...

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Redbox Strikes Deal To Go Public Via Merger With SPAC
Redbox Strikes Deal To Go Public Via Merger With SPAC
May 17, 2021  |  Retail

Redbox, which operates a nationwide network of entertainment kiosks, said on Monday (May 17) that it has entered into a definitive deal to merge with...

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Hedosophia’s Ian Osborne Eyes Amsterdam Listing Via SPAC
Hedosophia’s Ian Osborne Eyes Amsterdam Listing Via SPAC
May 11, 2021  |  IPO

British investor Ian Osborne — who has been instrumental in propelling the special-purpose acquisition company (SPAC) investment movement in the U.S. — is now trying...

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Report: 30+ Startups Got PPP Loans, Then Merged With SPACs
Report: 30+ Startups Got PPP Loans, Then Merged With SPACs
May 10, 2021  |  Loans

Dozens of companies sought and received federal assistance through the Payroll Protection Program (PPP) that Congress created to help small businesses survive COVID-19 shutdowns, and...

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Flywire’s SEC Filing Highlights  $11.7T Payments Modernization Opportunity
Flywire’s SEC Filing Highlights $11.7T Payments Modernization Opportunity
May 09, 2021  |  IPO

The parade of “disruptors” in the financial services and payments spaces — via public listings on Wall Street — continues. Get the Full Story Complete...

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