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Blank Check

As defined in SEC Rule 419, a development stage company with no business plan or whose business plan is to merge with or acquire an operating business. Also referred to as a blank check company.

Additional Comments:

The SEC Rule 419 stipulates that funds received by a blank-check company from an issue of penny stock must be placed in an escrow account for the benefit of the purchaser.

Related Terms:

Clean Shell
A shell company which has no liabilities or other negative attributes as perceived by an operating ...

Price to Sales
Per dollar of shareholder value, how much business does this company generate? Price to sales (P/S) ...

Rule 504 of Regulation D provides an exemption from the registration requirements of the federal securities ...

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