Israeli company hoping to ride new blank check wave - Globes: "In 2007, just before the credit crisis broke, 66 blank check companies (special purpose acquisition companies, or SPACs) raised a total of $12.1 billion on the US capital market. In 2009, when the markets crashed, blank check offerings al but disappeared: one solitary company raised $36 million.
This year, things turned around again, and blank check companies are again in fashion. This year, 16 companies have raised a total of $1.1 billion."
'via Blog this'
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