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

Malaysian FinTech Super Apps Plans $1.1B SPAC Merger
Malaysian FinTech Super Apps Plans $1.1B SPAC Merger
October 19, 2022  |  SPAC

Malaysian payments technology company Super Apps is set to go public in the United States via a special purpose acquisition company (SPAC) merger that values...

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$3.6B SPAC Merger Falls Apart for Blockchain Payments Startup Roxe
$3.6B SPAC Merger Falls Apart for Blockchain Payments Startup Roxe
October 06, 2022  |  SPAC

The public debut for blockchain payments startup Roxe has been scrapped after its special purpose acquisition company (SPAC) merger with Goldenstone Acquisition was mutually terminated....

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SPAC Investors Prepare for Surge in Liquidations
SPAC Investors Prepare for Surge in Liquidations
September 04, 2022  |  SPAC

Investors who put funds into blank check companies will likely see a liquidity boost of more than $75 billion in the next six months, as...

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Covalto to Become 1st Mexican FinTech on US Stock Market
Covalto to Become 1st Mexican FinTech on US Stock Market
August 18, 2022  |  SPAC

Mexican digital banking platform Covalto is planning to go public via a special purpose acquisition company (SPAC) merger, a move that would make it the...

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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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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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