Self-driving truck software startup Plus is reportedly in talks to merge with the same investor group that brought public electric vehicle startup Canoo Inc.
Buffett Explains Why SPAC Mania Won’t Go on Forever
At the Berkshire Hathaway annual meeting this weekend, Warren Buffett (Trades, Portfolio) explained how growing competition among SPAC funds for deals would lead to the industry’s demise.
‘SPACs Attack’ Recap: Looking Back At 5 SPAC Deals, Rumors And Top Headlines
The week kicked off with a large SPAC deal announced on Sunday, bringing a new global sports betting and online casino company public.
Deutsche Boerse expects 12 SPACs in Frankfurt in 2021
German stock market operator Deutsche Boerse DB1Gn.DE expects up to 12 listings of blank-cheque firms in Frankfurt in 2021, executive Peter Fricke told German business daily Handelsblatt.
Motion Acquisition Corp. and DocGo Announce DocGo’s Record Preliminary First Quarter 2021 Results
Motion Acquisition Corp. a publicly traded special purpose acquisition company, announced today that its merger partner Ambulnz, Inc., dba DocGo, a leading provider of last-mile telehealth and integrated medical mobility services, has disclosed select preliminary unaudited financial results for its first quarter ended March 31, 2021.
Enjoy Technology and Marquee Raine Acquisition Corp. Investor Presentation
The Investor Presentation for the Enjoy Technology and Marquee Raine Acquisition Corp. merger is available.
Report: SPACs and De-SPACing: Considerations for Going Public Through a Combination with a SPAC
In the last year, there has been an unprecedented surge of special purpose acquisition company (SPAC) formations. This has attracted a lot of attention to the SPAC space, from the sponsor side (traditional private equity firms, athletes, and celebrities) to the investor side (hedge funds and retail traders).
Exclusive Forbes pursues SPAC talks amid new takeover interest – sources
Business news and information publisher Forbes Media LLC is in talks to go public through a merger with a special purpose acquisition company (SPAC) as it attracts new acquisition interest, people familiar with the matter said on Thursday.
Kennedy introduces SPAC Act to increase transparency surrounding blank-check companies
Sen. John Kennedy (R-La.) today introduced the Sponsor Promote and Compensation (SPAC) Act, which would provide greater transparency for investors involved with Special Purpose Acquisition Companies (SPACs), also known as blank-check companies.
Apple Retail Pioneer Ron Johnson Lands SPAC Deal For Enjoy Technology: What Investors Should Know
A leading telecommunications retail partner for large companies is going public with plans to bring the experience to customer’s homes.
QuantumScape Announces Response to SEC Guidance Applicable to Warrants Issued by Special Purpose Acquisition Companies (“SPACs”)
QuantumScape is announcing that as a result of recent guidance provided by the SEC on April 12, 2021 regarding the accounting and reporting of warrants issued by SPACs, it will restate its consolidated financial statements as of and for the year ended December 31, 2020 to change the accounting treatment of its public and private placement warrants.
D&O underwriters approaching SPACs cautiously
The explosive growth in special purpose acquisition companies, or SPACs, presents opportunities for the directors and officers liability insurance market, but insurers are approaching the issue cautiously.
U.S. Bank Offers Custom, Turn-Key SPAC Solutions
U.S. Bank is rolling out new solutions for special purpose acquisition companies (SPACs), including segregated trust accounts for SPAC proceeds, statements and secure reporting of activity, and more, according to a press release.
DoubleLine Publishes Paper: “SPAC Impact on Leveraged Finance Markets”
In a new research paper, Robert Cohen, CFA, Director of the Global Developed Credit team at DoubleLine Capital LP, studies the impact of special purpose acquisition companies (SPACs) on target companies and their debt before and after the targets’ merger into SPACs.
Exclusive: U.S. watchdog mulls guidance to curb SPAC projections, liability shield – sources
The U.S. securities regulator is considering new guidance to rein in growth projections made by listed blank-check companies, and clarify when they qualify for certain legal protections, according to three people with knowledge of the discussions.
Shapeways nears deal to go public through Galileo SPAC merger – sources
3D-printing technology provider Shapeways Inc is nearing a deal to go public through a merger with blank-check acquisition firm Galileo Acquisition Corp at a valuation of $410 million, including debt, according to people familiar with the matter.
SPAC FAQs: SEC Staff Statement on Accounting Issues for SPAC Warrants
The recent statement by the Staff of the SEC (the Staff Statement) will likely impact almost every SPAC or post-de-SPAC entity with warrants in its structure
Exclusive: Lottery.com CEO Says Company Plans To Be A ‘Global Marketplace For All Types Of Games Of Chance’
AutoLotto, Inc (Lottery.com) is set to go public via special purpose acquisition company (SPAC) with Trident Acquisitions Corp TDAC 9.2%. The two companies entered into a definitive agreement for a merger on Feb. 22.
Vintage Wine Estates going public via SPAC
Vintage Wine Estates (“VWE”) president Terry Wheatley — who is poised to become the first female president of a multi-hundred million dollar wine producer in American history to take a company public — discusses the state of the wine industry.
Social Capital Hedosophia Stock Has Long-Term Value On Its Side
Despite the pullback in growth stocks and special purpose acquisition company (SPAC) holdings, that shouldn’t kill the enthusiasm for Social Capital Hedosophia Holdings (NYSE:IPOE). IPOE stock is the holding company that should eventually turn into SoFi.