Remove blank
article thumbnail

SEC Imposes Tougher Rules on Blank-Check Companies

CPA Practice

blank-check companies and their acquisition targets will take on more legal liability for disclosures about projected earnings and other material information under new rules adopted by the U.S By Reuters (via Fast Company), TNS U.S. Securities and Exchange Commission on Wednesday.

Legal 52
article thumbnail

Blank Check Companies Set Sights On Unicorns

PYMNTS

Amid Wall Street’s gyrations and the search for the next great tech unicorn: Blank checks for blank check companies? On Monday (June 22), CNBC reported that famed investor Bill Ackman is seeking to raise $3 billion for an initial public offering (IPO) of his blank check company. filed for an IPO for $414 million, with 41.4

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SEC to impose tougher rules on blank-check deals

Accounting Today

The agency is adding new financial reporting and accounting requirements for SPAC deals.

Account 113
article thumbnail

Online Gambling Player Rush Street Wins Support of Blank Check Firm To Go Public

PYMNTS

Chalk up another major deal for blank check companies, one of Wall Street’s hottest new trends, with online gambling and sports betting company Rush Street Interactive ’s announcement that it will be going public. The blank check operation that will take Rush Street Interactive public fits the profile.

article thumbnail

Hims Inc. May Go Public Through Blank-Check Company

PYMNTS

Remote healthcare firm Hims Inc. is getting close to an arrangement to go public via a merger with special purpose acquisition company (SPAC) Oaktree Acquisition Corp., Bloomberg reported, citing unnamed sources, at a time when the SPAC model has become more popular. The arrangement could bring a valuation of approximately $1.6

article thumbnail

Blank Checks And PO Manipulation Cost Businesses Millions

PYMNTS

600,000 was reportedly stolen by a Canadian bookkeeper , who was found to have taken advantage of the fact that the company’s president, Robert George, signed blank checks for the bookkeeper to make payments in accounts payable and payroll. Attorney BJay Pak in a statement, local news outlet Action News Jax said.

article thumbnail

Demystifying Government Contract Requirements: A Guide for New Businesses.

SMBAccountant

Prior to the first invoice submission, this section should be reviewed carefully and follow up with the CO if there are questions or areas that should have information filled in that is left blank. Special Contract Requirements: Check insurance requirements and understand liability provisions and limitations.