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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.

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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. The trend has grown in recent months. Emil Michael filed an S-1 prospectus on Friday (Oct. 2) for DPCM Capital Inc. ,

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Social Capital Hedosophia Launches New SPAC, Seeks $500M

PYMNTS

Social Capital Hedosophia is looking to raise $500 million for a new blank check company, Bloomberg writes. A SPAC means a kind of blank check company solely forged for the purpose of taking companies public without going through the entire IPO process or identifying an acquisition target.

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Virgin’s Richard Branson Raising Capital For Acquisition Opportunities Created By COVID-19

PYMNTS

which is registered in the Cayman Islands, filed to raise the funds as a “blank check” company, a designation usually used for acquisitions or to execute business plans that are not being shared with potential investors. “We We intend to search for targets that operate in consumer-facing industries in the U.S. VG Acquisitions Corp.,

Capital 140
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Global Blue Buy Shows Int’l Consumer Payments Allure for Ant Financial, Others

PYMNTS

To that end, Far Point Acquisition – which operates as a “blank check” company that focuses on financial technology deals – said on Thursday (Jan. The “blank check” concept focuses on pursuing mergers or acquisitions, and operating as “special purpose acquisition companies” to take those acquired firms public.

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What Might Stop the SPAC Train in its Tracks?

PYMNTS

And another SPAC comes to market. The list seems unlikely to stop just as 2020 ends — meaning that, of course, the trend will continue into next year. And so the question looms as to whether the special purpose acquisition company (SPAC) will be the backdoor entry to the public markets. billion deal. billion deal.

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Who Owns Digital? Ugh, That’s the Problem for Bankers

Gonzobanker

The most common responses are: 1) blank stare, 2) scrunched face of contemplation, and 3) “a lot of different people.” The bottom line is this: most banks lack the true management leadership and operating disciplines necessary to execute successfully on digital. While a digital product manager may have operations or I.T.