blank check company
noun/ˌblæŋk ˈtʃek kʌmpəni/
/ˌblæŋk ˈtʃek kʌmpəni/
(British English also blank cheque company)
(also SPAC)
- a company set up on the stock exchange (= a place where shares are bought and sold) with the purpose of acquiring a private company
- The blank check company was formed for the sole purpose of the merger.
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blank check company