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A special-purpose acquisition company (SPAC; / s p æ k /), also known as a "blank check company", is a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus making the private company public without going through the initial public offering process, which often carries significant procedural and regulatory burdens.
Digital World Acquisition Corp. (DWAC), founded in 2021, was an American special-purpose acquisition company (SPAC), a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus making the private company public without going through the initial public offering process, which often carries significant procedural and regulatory burdens.
What a long, strange trip it's been since space stocks stormed onto the stock market in 2021. It didn't take long for most of these stocks to lose most of their value, as prices plunged 70%, 80% ...
Rocket Lab USA (NASDAQ: RKLB), the creator of the Electron orbital rocket, went public by merging with a special purpose acquisition company (SPAC) three years ago.The combined company's stock ...
The combined company's stock started trading at $10, skyrocketed to a record high of $81.99 on Feb. 22, but now trades at about $9. The bulls were initially dazzled by Intuitive Machines' rosy ...
Sizzle Acquisition Corp. is a publicly traded American special purpose acquisition company (SPAC) headquartered in Washington, D.C. Founded in October 2020, the company raised $155 million in a November 2021 initial public offering (IPO).
And AST's stock price has exploded 13x in size, from $2.21 back in April to more than $29 this past Thursday. ... (SPAC) stock worth less than $400 million to create "the first and only space ...
I've written several articles about SPAC (special purpose acquisition companies) stocks that recently announced their target merger deals. This week we'll examine four more SPACs that just ...