High Times is going public through a deal with a blank-check company — and here’s what that means

Want to go public without all the fees and fanfare? Get acquired by an already public blank-check company.

That’s the route the marijuana publication High Times is taking, after the company announced Thursday that it plans to be acquired by Origo Acquisition Corp OACQ, -0.52% a company that was founded in 2014 and is already publicly traded but had no existing line of business. Putting aside an often seedy past, blank-check companies have come into vogue as acquisition machines for hedge-fund managers.

Origo plans to acquire all of the equity in High Times, which was founded as a magazine in 1974, and will give 23.5 million new shares of Origo to High Times.

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