alleryStart learning →Another name for a special-purpose acquisition company (SPAC) is what?
ABlank check company
BMutual fund vehicle
CHolding trust fund
DBad bank entity
Answer & Solution
Correct answer: A. Blank check company
A SPAC is a shell corporation also called a blank check company or blind-pool stock offering.
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Related questions
What do the new SEC rules adopted in 2024 require SPAC filings to display prominently?Compared with an IPO, a SPAC route requires what?A SPAC listing is called the poor man's version of what?What right do SPAC investors have at merger?Which SPAC debuted on the Hong Kong exchange on March 18, 2022?In which year did SPAC IPOs peak with 613 IPOs raising about USD 162 billion?SPAC shares redeemable at USD 10 averaged USD 3.85 post-merger. About what fall is that?Under which SEC form is a SPAC public offering typically filed?