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There are two blank check IPOs on deck for this week: Heckmann Corporation (HEK) formed by Richard Heckmann, formerly of K2; and Ideation Acqusition (NYSEMKT:IDI.U) a SPAC which is looking to acquire a business in the digital sector.

All quotations are from the companies' most recent S-1 filings with links provided.

Heckmann Corporation (HEK)
Business Overview (from prospectus)

We are a blank check development stage company organized under the laws of the State of Delaware on May 29, 2007. We were formed to acquire or acquire control of one or more operating businesses through a merger, stock exchange, asset acquisition, reorganization or similar business combination, which we refer to throughout this prospectus as a business combination. To date, our efforts have been limited to organizational activities, including the issuance of 17,968,750 units to our founders (of which up to 2,343,750 units are subject to redemption to the extent the underwriters’ over-allotment option is not exercised in full), and activities related to this offering.

Offering: 50.0 million shares at $8.00. Net proceeds of approximately $500,000,000 will be placed in a trust account.

Lead Underwriters: Credit Suisse, Roth Capital

Financial Highlights:

We have not engaged in any operations that generated any revenues to date. Our entire activity since inception has been to prepare for our proposed fundraising through our initial public offering of our equity securities.
Additional Resources:

IDEATION ACQUISITION CORP. (IDI.U)
Business Overview (from prospectus)

We are a blank check company organized under the laws of the State of Delaware on June 1, 2007. We were formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition or other similar business combination, one or more businesses. While our efforts in identifying prospective target businesses will not be limited to a particular industry, we expect to focus on businesses in the digital media sector, which encompasses companies that emphasize the use of digital technology to create, distribute or service others that create or distribute content for various platforms including online, mobile, satellite, television, cable, radio, print, film, video games and software. Digital technology refers to the use of digitally-enabled means, as opposed to analog means, to process, transmit, store or display content. We may also focus on traditional media businesses, including motion picture exhibition companies, television and radio broadcast companies, print media publishing companies and traditional content libraries, if we believe that the incorporation of digital technology will enhance and accelerate the growth of those businesses. We have not established specific criteria that would trigger our consideration of businesses outside of the digital media sector. In addition, we intend to direct our search toward digital media businesses in the United States, but we would also consider businesses outside of the United States. To date, our efforts have been limited to organizational activities.

Offering: 10.0 million shares at $8.00 per share. Net proceeds of approximately $80,000,000 will be placed in a trust account.

Lead Underwriters: Lazard, EarlyBird Capital, Inc

Financial Highlights:

We are a blank check company organized under the laws of the State of Delaware on June 1, 2007. We were formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition or other similar business combination, one or more businesses. While our efforts in identifying prospective target businesses will not be limited to a particular industry, we expect to focus on businesses in the digital media sector, which encompasses companies that emphasize the use of digital technology to create, distribute or service others that create or distribute content for various platforms including online, mobile, satellite, television, cable, radio, print, film, video games and software... We have neither engaged in any operations nor generated any revenues to date. Our entire activity since inception has been to prepare for our proposed fundraising through an offering of our equity securities.

Additional Resources:

Source: Two Blank Check IPOs: Heckmann Corp., Ideation Acquisition