We have been given some exclusive coverage on the recent developments in special purpose acquisition companies and blank check companies from SPACupdate.com this morning. There have been key developments in Overture Acquisition Co. (AMEX: NLX), Asia Special Situation Acquisition Co. (AMEX: CIO), ARMOUR Residential REIT Inc. (ARR), BPW Acquisition Co. (AMEX: BPW), The Talbots Inc. (NYSE: TLB), and Ultimate Escapes (AMEX: UEI). We have details on each below.
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To close out the year, SPACs are pumping out deals one after another. However, as of late, some blank checks have not fared as well, and the NASDAQ and OTC Bulletin Board could become increasingly populated with blank checks’ targets that are elbowed from the AMEX.
