I believe it is this: https://www.investopedia.com/terms/w/warrant.asp So an option, but one provided by the original company.
Morning Headlines 10/27/20
Lux Health Tech Acquisition Corp. Announces Launch of $300 Million Initial Public Offering
Newly formed blank-check company Lux Health Tech Acquisition launches a $300 million IPO in hopes of eventually merging with or acquiring a health IT company.
Unlike many employers, Athenahealth hiring
Athenahealth plans to hire 100 employees at its office in Belfast, Maine to fulfill positions in analytics, customer support, medical coding, and operations.
Health Assurance Acquisition Corp. Announces Filing of S-1
Backed by former Livongo executives, blank-check company Health Assurance Acquisition prepares for an IPO.
What in the world is a “blank check company” and why are they doing IPOs?