Meaning of blank check company | Babel Free

Definitions

A company that exists solely for the purpose of merging with or acquiring another entity.

informal

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