Ok? Here is something new for you finance people?. SPAC (Specified Purpose Acquisition Companies)?. Also called blank check companies?. It?s a relatively structured transaction company formed with the sole purpose of acquiring another company? about 95-97% of the capital raised is invested in T-bills only to be released once the mgmt has decided on a target company and has won a majority shareholder vote within a defined time period?. Lemme know if you wanna know more?..