blank check company
noun
plural blank check companies
: a corporate shell (see shell entry 1 sense 11) set up by investors for the sole purpose of raising money through an initial public offering to acquire another business yet to be determined
called also special purpose acquisition company
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“Blank check company.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/blank%20check%20company. Accessed 26 Nov. 2024.
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