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: Mastercard Invests $100 Million In Airtel Africa; DoorDash-Olo Suit Highlights Delivery Economics
Today In Payments: Mastercard Invests $100 Million In Airtel Africa; DoorDash-Olo Suit Highlights Delivery Economics
April 01, 2021  |  News

In today’s top news, Airtel Africa is valued at $2.65 billion after closing a $100 million deal with Mastercard, and DoorDash is suing business partner...

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WeWork Planning Public Offering With BowX SPAC Merger
WeWork Planning Public Offering With BowX SPAC Merger
March 26, 2021  |  IPO

Shared office space firm WeWork is in merger talks with the special purpose acquisition company (SPAC) BowX Acquisition Corp. in a move to go public. “WeWork...

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Paris Gets Into SPAC Trend With 360 Disruptech EU Listing
Paris Gets Into SPAC Trend With 360 Disruptech EU Listing
March 26, 2021  |  International

Paris will be the recipient soon of a blank-check company for technology investments, the latest sign that they’re not immune to the recent special purpose...

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Today In Payments: SEC Launches Probe Into SPAC Craze; Ruth McCartney Brings Rock History To The Blockchain
Today In Payments: SEC Launches Probe Into SPAC Craze; Ruth McCartney Brings Rock History To...
March 25, 2021  |  News

In today’s top news, the U.S. Securities and Exchange Commission (SEC) has launched a probe into the recent surge of special-purpose acquisition companies (SPACs), and...

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Corporates’ Shifting Expectations Fuel Optimism For Billtrust’s First Earnings Report
Corporates’ Shifting Expectations Fuel Optimism For Billtrust’s First Earnings Report
March 24, 2021  |  B2B Payments

This time last year, amid the sudden onset of the pandemic, accounts receivable technology company Billtrust had instituted a hiring freeze and clamped down on...

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SPACs, Or Blank-Check Companies, Raise Record Quarterly Amount
SPACs, Or Blank-Check Companies, Raise Record Quarterly Amount
March 17, 2021  |  Investments

The use of special-purpose acquisition companies (SPACs) to go public boomed in 2020. The growth of these blank-check companies has exploded even more in the...

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Today In Payments: Coupang Files $4.6 Billion US IPO; LendingClub Q4 Loan Volume Rebounds By 56 Pct
Today In Payments: Coupang Files $4.6 Billion US IPO; LendingClub Q4 Loan Volume Rebounds By...
March 11, 2021  |  News

In today’s top news, Coupang raised $4.6 billion in its IPO, and LendingClub reported that loan volumes were up 56 percent in the fourth quarter....

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Investors Flock To SPACs Based On Celebrity Backings
Investors Flock To SPACs Based On Celebrity Backings
March 10, 2021  |  Investments

Investors from all levels of expertise have been flocking to special purpose acquisition companies (SPACs), a tendency that has some financial planners — and the...

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InsurTech Firms Take SPAC Path To Wall Street
InsurTech Firms Take SPAC Path To Wall Street
March 04, 2021  |  IPO

The only sure things in life, they say, are death and taxes. And maybe the parade of continued special purpose acquisition companies (SPACs) – at...

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