Dictionary
Words, grammatical forms and meanings linked to the ontology.
blank check company en · NOUN
Meanings
-
(informal) A company that exists solely for the purpose of merging with or acquiring another entity.
Burger King is returning to the market through a combination with Justice Holdings, a so-called blank-check company run by Nicolas Berggruen and Martin Franklin. Formally known as a special purpose acquisition vehicle, it is essentially a shell company with a stock listing that aims to find and merge with a privately held corporation. Such entities essentially give private companies a quick and easy way to enter the public markets.
2012 June 20, Michael J. de la Merced, “Burger King Rejoins the Public Markets”, NYTimes.com
Forms
Hypernyms
company · shell company
Synonyms
SPAC
wikidata: Q2308203