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Blank Check Companies Set Sights On Unicorns

PYMNTS

Amid Wall Street’s gyrations and the search for the next great tech unicorn: Blank checks for blank check companies? On Monday (June 22), CNBC reported that famed investor Bill Ackman is seeking to raise $3 billion for an initial public offering (IPO) of his blank check company. filed for an IPO for $414 million, with 41.4

Company 130
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Online Gambling Player Rush Street Wins Support of Blank Check Firm To Go Public

PYMNTS

Chalk up another major deal for blank check companies, one of Wall Street’s hottest new trends, with online gambling and sports betting company Rush Street Interactive ’s announcement that it will be going public. The blank check operation that will take Rush Street Interactive public fits the profile.

Online 142
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Ex-SoFi CEO starts blank-check company to raise $250M

BankInovation

plans to raise $250 million through a new blank-check company, according to an SEC filing. Mike Cagney’s blockchain lending startup Figure Technologies Inc. The special purpose acquisition company, or SPAC, is called Figure Acquisition Corp. I and is sponsored by an affiliate of Figure’s dubbed Fintech Acquisition LLC.

Company 94
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Hims Inc. May Go Public Through Blank-Check Company

PYMNTS

Remote healthcare firm Hims Inc. is getting close to an arrangement to go public via a merger with special purpose acquisition company (SPAC) Oaktree Acquisition Corp., Bloomberg reported, citing unnamed sources, at a time when the SPAC model has become more popular. The arrangement could bring a valuation of approximately $1.6

Company 250
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Former SoFi CEO starting blank-check company to raise $250 million

Payments Source

Mike Cagney’s blockchain lending startup Figure Technologies plans to raise $250 million through a new blank-check company, according to an SEC filing.

Company 71
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Blank Checks And PO Manipulation Cost Businesses Millions

PYMNTS

600,000 was reportedly stolen by a Canadian bookkeeper , who was found to have taken advantage of the fact that the company’s president, Robert George, signed blank checks for the bookkeeper to make payments in accounts payable and payroll. Attorney BJay Pak in a statement, local news outlet Action News Jax said.

Fraud 101
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Circle’s $9B SPAC deal falls apart

Payments Dive

The stablecoin issuer and the blank-check company that had hoped to take it public terminated their agreement over the wait for SEC approval.

Company 195