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New IPO Emerges Out Of Recent Blank Check Craze

Blank check companies, better known as special purpose acquisition companies (SPAC), have seen a surge in popularity in 2020. In fact, this year several high-profile companies went public thanks to a SPAC reverse merger, while 39 SPAC IPOs have raised a total of $12.3 billion, almost exceeding total SPAC proceeds raised in 2019...