A Blank Check Company is a type of investment vehicle that raises capital through an initial public offering (IPO) without having a specific business plan or target acquisition in mind. These companies are often referred to as Special Purpose Acquisition Companies (SPACs). Investors buy shares in the hope that the company will eventually merge with or acquire a profitable business. Once the funds are raised, the Blank Check Company typically has a set timeframe, usually 18 to 24 months, to identify and complete a merger or acquisition. If it fails to do so, the company must return the capital to its investors. This structure allows investors to participate in potential high-growth opportunities while taking on the risk of uncertainty.