Even though investors have been shunning blank-check entities and the businesses that have gone public through mergers with them, companies continue to announce new combinations.
The latest is W3bcloud Holdings Inc., a blockchain startup backed by Advanced Micro Devices Inc. (Nasdaq:AMD). The Irish company, which offers data centers for so-called Web3 protocols and applications, said Aug. 1 it plans to hit Wall Street via a merger with a blank-check entity in a deal that would add up to $445 million…
