blank check company

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English

Alternative forms

  • blank-check company

Noun

blank check company (plural blank check companies)

  1. (business, informal) A company that exists solely for the purpose of merging with or acquiring another entity.
    Synonym: SPAC
    Hypernym: shell company
    • 2012 June 20, Michael J. de la Merced, “Burger King Rejoins the Public Markets”, NYTimes.com:
      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.

References

Further reading

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