It took a few years, but blank check companies have bloomed from a Wall Street punchline into a seriously lucrative pursuit, Forbes reports. But a chuckle might be warranted for a sponsor of blank check companies called LMF Acquisition Opportunities—or LMFAO for short — which has filed for a $75 million initial public offering.
The new SPAC plans to list on the Nasdaq under LMAOU.
LMF in its S-1 filing said it will focus on acquiring a business within the financial services industry and related sectors, including potentially the FinTech sector, with an enterprise value of approximately $250 million to $500 million. Read more.
