blank check company
Definitions
A company that exists solely for the purpose of merging with or acquiring another entity.
Examples
“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.”
CEFR level
C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.
This word is part of the CEFR C1 vocabulary — advanced level.
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