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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.
The recent announcement that special purpose acquisition company Foley Trasimene Acquisition Corp. II (NASDAQ: BFT) is set to acquire Paysafe Group Holdings Ltd., a payments platform, has ...
Shares dive in blank-check company linked to Trump social venture. Sinéad Carew. ... On Friday, the stock soared nearly 1,500% to $24.04 before finishing session up 471% at $8.74.
Luminar announced a full stack platform named "Iris" in 2019 [61] [62] that combines Luminar's laser sensor technology and software. [57] Iris is a plug and play installation in a vehicle. [ 20 ] It has a range of 250 meters for small and less reflective (dark-colored) objects, or up to 500 meters for larger, brighter objects. [ 52 ]
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A blank cheque or blank check in the literal sense is a cheque that has no monetary value written in, but is already signed. In the figurative sense, it is used to describe a situation in which an agreement has been made that is open-ended or vague, and therefore subject to abuse, or in which a party is willing to consider any expense in the pursuance of their goals.
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