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Why Blank-Check Companies Are Now Targeting SaaS

The first time you likely heard the term “SPAC” was in 2017, when entrepreneur Chamath Palihapitiya raised $600 million for a blank-check company formed for the purpose of merging or acquiring other companies. Social Capital Hedosophia Holdings was ultimately used to take a 49% stake in the British spaceflight company, Virgin Galactic...