Last Updated:2022/12/24
Burger King is returning to the market through a combination with Justice Holdings, a so-called blank-check company run by Nicolas Berggruen and Martin Franklin. Formally known as a special purpose acquisition vehicle, it is essentially a shell company with a stock listing that aims to find and merge with a privately held corporation. Such entities essentially give private companies a quick and easy way to enter the public markets.
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Burger
King
is
returning
to
the
market
through
a
combination
with
Justice
Holdings,
a
so-called
blank-check
company
run
by
Nicolas
Berggruen
and
Martin
Franklin.
Formally
known
as
a
special
purpose
acquisition
vehicle,
it
is
essentially
a
shell
company
with
a
stock
listing
that
aims
to
find
and
merge
with
a
privately
held
corporation.
Such
entities
essentially
give
private
companies
a
quick
and
easy
way
to
enter
the
public
markets.