Trio Of Blank-Check Cos. Tap Market For $1B

Law360 (July 15, 2020, 7:03 PM EDT) -- Units for two blank-check companies that began trading Wednesday are the latest in a trio of special purpose acquisition companies that have priced initial public offerings this week, grabbing a total $1 billion in expected proceeds.

The series of blank-check company debuts featured D8 Holdings Corp., which aims to make consumer brand investments; Malacca Straits Acquisition Co. Ltd., which hopes to merge with Southeast Asian conglomerates, or multiindustry companies, in the media, food processing, renewable energy and health care sectors; and Artius Acquisition Inc., which plans to target technology-driven companies.

Blank-check companies, also known as special purpose acquisition companies, use IPOs...

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