Blog Blog 2021 Outlook: Challenges, opportunities facing US TV, radio stations The first era of SaaS ends: 'Best of breed' was prelude to 'systems of delivery' 16 Mar, 2021 Author Joseph WilliamsStefen Joshua Rasay Wall Street has fallen in love with blank-check companies, which, in turn, love the technology, media and telecom markets. This is the first installment of a three-part series focused on tech SPACs. The full series can be found here: Tech and SPACs: A dance of Wall Street darlings Tech and SPACs: Too much of two good things Tech and SPACs: Feeding the frenzy Blank-check firms, formally known as special purpose acquisition companies, combine a reverse merger with an IPO. A shell company launches an IPO with the expressed intent of using the funds to acquire an unspecified operating company. This allows the company to access public capital without having to undertake the highly regulated and scrutinized IPO process.