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

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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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Blank Checks And PO Manipulation Cost Businesses Millions

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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.

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Social Capital Hedosophia Launches New SPAC, Seeks $500M

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

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

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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.,

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

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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?

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The list seems unlikely to stop just as 2020 ends — meaning that, of course, the trend will continue into next year. 17), BarkBox, the subscription service that is focused on pet supplies, is merging with blank check form Northern Star Acquisition Corp. At this writing, and as reported in this space on Thursday (Dec. billion deal.

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