Tag: corporate shells

Endless Boom in Blank Check Companies Is Wearing Out Insurers

A Notebook with Business notes initial coin offering ICO vs IPO Initial Public Offering with office tools on yellow blue background. Concept of the choice of IPO or ICO

The SPAC boom is overwhelming a key player in the creation of a blank-check companies: insurers. Firms selling directors-and-officers liability policies for special purpose acquisition companies have been flooded by the listings that surged last year. That’s caused insurers to ratchet up their prices and seek ways to control their exposure to SPACs — moves… Continue reading Endless Boom in Blank Check Companies Is Wearing Out Insurers