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gptkbp:instanceOf
|
gptkb:financial_services_company
|
|
gptkbp:alsoKnownAs
|
blank check companies
|
|
gptkbp:canBeBypassedBy
|
traditional IPO process
|
|
gptkbp:canMergeWith
|
private companies
|
|
gptkbp:commonIn
|
gptkb:United_States
|
|
gptkbp:criticizedFor
|
lack of transparency
potential conflicts of interest
|
|
gptkbp:deadlineToAcquire
|
typically 2 years
|
|
gptkbp:feesPaidTo
|
sponsors
|
|
gptkbp:firstAppearance
|
1990s
|
|
gptkbp:founder
|
sponsors
|
|
gptkbp:fundsHeldIn
|
trust account
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
SPACs
|
|
gptkbp:ifNoAcquisition
|
funds returned to investors
|
|
gptkbp:investor
|
public investors
|
|
gptkbp:notableExample
|
gptkb:Virgin_Galactic
gptkb:DraftKings
gptkb:Nikola_Corporation
|
|
gptkbp:popularityIncreased
|
2020
|
|
gptkbp:purpose
|
acquire or merge with existing companies
raise capital through IPO
|
|
gptkbp:regulates
|
gptkb:U.S._Securities_and_Exchange_Commission
|
|
gptkbp:requires
|
shareholder approval for acquisition
|
|
gptkbp:standsFor
|
Special Purpose Acquisition Companies
|
|
gptkbp:stockExchange
|
gptkb:NASDAQ
gptkb:NYSE
|
|
gptkbp:structure
|
gptkb:public_company
|
|
gptkbp:subject
|
warrants
redemption rights
SEC scrutiny
lock-up periods
|
|
gptkbp:usedBy
|
private companies seeking to go public
|
|
gptkbp:bfsParent
|
gptkb:Matthew_Levine
|
|
gptkbp:bfsLayer
|
7
|