Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Special purpose acquisition companies, also known as "blank check" companies, have seen a surge in popularity in 2020 as several high-profile companies went public via a SPAC reverse-merger.
A special purpose acquisition company is commonly referred to as a "blank check" company because investors essentially write a check to a publicly traded shell company whose sole intent is to go shopping for a private company and in effect bring it public via the listed holding company.
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