Blank Check Boom Gets Boost From Coronavirus

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The fallout from the coronavirus fueled a new wave of interest in an unusual investment vehicle with a shaky reputation: the blank check company.

Blank check companies are essentially large pools of liquidity, listed on the stock exchange, whose sole purpose is to make an acquisition. When a blank check company buys a target business, the business gets its place on the stock market. For the target company, it is a roundabout way of going public – and with the IPO market shaken by Covid-19 and wild volatility, it has become more attractive…

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