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 FinTech: Alternative Lending; Airfreight Payments; Blockchain Tech
Today in FinTech: Alternative Lending; Airfreight Payments; Blockchain Tech
May 27, 2022  |  Technology

In today’s FinTech news, the growing FinTech ecosystem is getting support from the latest alternative asset-based lending fund Viola Credit. Plus, WebCargo is introducing a...

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Smart Car Firm ECARX Plans $3.8B SPAC
Smart Car Firm ECARX Plans $3.8B SPAC
May 26, 2022  |  SPAC

Smart car tech startup ECARX said it is going public through a special purpose acquisition company merger that values the firm at $3.8 billion. According...

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Today in the Connected Economy: Google Rolls Out New Digital Wallet
Today in the Connected Economy: Google Rolls Out New Digital Wallet
May 11, 2022  |  Connected Economy

Today in the connected economy, Google unveils a new digital wallet, as well as new security features for online purchases with the help of Visa....

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Car-Sharing Platform Getaround Going Public in SPAC Deal
Car-Sharing Platform Getaround Going Public in SPAC Deal
May 11, 2022  |  SPAC

Digital car-sharing marketplace Getaround is going public through a special purpose acquisition company (SPAC) deal with InterPrivate II Acquisition Corp., with a combined value of...

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Dating App Grindr Set to Go Public Via SPAC
Dating App Grindr Set to Go Public Via SPAC
May 10, 2022  |  SPAC

Gay dating app Grindr is going public through a merger with a special purpose acquisition company (SPAC) firm that would value the company at $2.1...

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Goldman Sachs Pauses New SPAC Offerings Amid Regulatory Pressures
Goldman Sachs Pauses New SPAC Offerings Amid Regulatory Pressures
May 09, 2022  |  SPAC

Goldman Sachs has paused new special purpose acquisition company (SPAC) offerings, which has added more complications to the lagging market as regulators turn a more...

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CFA Institute Tells SEC to Tighten Disclosure Regs for SPAC Sponsors
CFA Institute Tells SEC to Tighten Disclosure Regs for SPAC Sponsors
May 08, 2022  |  SPAC

The CFA Institute, the organization for investment professionals, is telling regulators to tighten disclosure requirements for SPAC sponsors, the Financial Times reported Sunday (May 8)....

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Elliott Management Backs SPAC Deal for Travel-Tech Company Mondee
Elliott Management Backs SPAC Deal for Travel-Tech Company Mondee
April 24, 2022  |  Investments

Elliott Management, a hedge fund, will be investing in a special purpose acquisition company (SPAC), even as those have lost much of their appeal, a...

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Hypebeast’s Star-Studded SPAC Deal Set to Roil Sneaker and Streetwear Markets
Hypebeast’s Star-Studded SPAC Deal Set to Roil Sneaker and Streetwear Markets
April 04, 2022  |  Retail

Even if you have no interest in sneaker culture or the red-hot streetwear trend that is simultaneously dominating the fashion, apparel, footwear industries, it’s probably...

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