Mark Ein’s latest blank-check company aims to cut a deal in 18 months

The Mark Ein-led Capitol Investment Corp. IV (NYSE: CIC) hopes to strike a deal to buy or merge with another company in the next 18 months.

That was the “blank check” company’s response to a request by the New York Stock Exchange on Oct. 3 that Capitol Investment Corp. come up with a plan to make sure it has more than 300 investors.

The approval of that plan, a routine process that most companies of this type go through, would give the company 18 months — and during that time the company says it will satisfy that threshold by forming a business combination. A blank-check company raises funds in an IPO, usually through a limited number of institutional investors, and then invests the cash to buy or merge with another company.

“The company anticipates that it will satisfy this listing requirement within such time period once it locates a target business with which to consummate an initial business combination,” the company said in the filing. It’s worth noting that all of Ein’s previous…

Read the full story from the Washington Business Journal.