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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.

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Simon Property Group Looks To Raise $300 Million For Shell Company

PYMNTS

Mall owner Simon Property Group has formed a “blank check” company to go on the hunt for “a company or assets with significant growth potential and prospects.” The company added, in a press release , that it has filed for an initial public offering (IPO) with the goal of raising $300 million for the new entity.

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How Customer Reviews Provide Lifeblood For Restaurant Operations

PYMNTS

How Customer Reviews Provide Lifeblood To Restaurant Operations. That focus has only grown amid the takeout- and delivery-only operational shifts due to COVID-19-related social-distancing efforts. Careful attention to reviews could give management a firmer handle on how to tweak their restaurants’ marketing or address problem areas.

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Ex-Uber Exec To File $250M SPAC IPO Backed By Former Google CEO

PYMNTS

A former Uber executive is planning to launch a $250 million initial public offering (IPO) for a blank check company whose advisors include billionaire Eric Schmidt, an ex- Google CEO, IPO Edge reported. a special purpose acquisition company or SPAC , with the Securities and Exchange Commission (SEC).

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Time Running Out on FinTech Acquisition Corp.

Bank Innovation

FinTech Acquisition Corp, believed to be the only “blank check” company in the fintech sector today, has by rule until Aug. A “blank check” company’s sole purpose is to make an acquisition Read More. The clock is ticking on FinTech Acquisition Corp.

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S.Korean FinTech Kakao Pay Preps For IPO

PYMNTS

The company is likely to be valued at $8.5 The company is likely to be valued at $8.5 The company has tapped KB Securities Co. The robot barista, operating at a cafe in Daejeon, can make 60 different types of coffee and serve orders to customers sitting at tables, with just one human working to oversee the operations.

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Car Talk: Shift Announces Plans To Go Public

PYMNTS

The company announced that it will merge with Insurance Acquisition Corp. IAC is what is known as a “blank check” merger company that trades financial assets for stakes in companies that will go public. Arison said the move was about adding capital to scale the company. The automotive evolution to Digital 3.0