The carbon-negative materials company Origin Materials is set to go public via the special purpose acquisition company Artius Acquisition Inc AACQ 1.18% in a $1.8-billion deal.
Travel Startup Inspirato in Talks to Merge With Thayer SPAC
Inspirato, a startup specializing in luxury travel, is in talks to go public through a merger with a special purpose acquisition company in a deal valued at more than $1 billion, according to people with knowledge of the matter.
SPACs: An Overview on the Latest Investment Trend
n recent years, Special Purpose Acquisition Corporations (SPACs) have become a favourite of the corporate finance and M&A industry. SPACs are publicly-traded shell companies that raise capital in an initial public offering (IPO), usually via a combination of shares and warrants.
Webinar: Key Takeaways: SPACs and How to Plug into the Opportunities They Present in Renewable Energy and Green Infrastructure
McDermott Will & Emery partners Tom Conaghan and Carl Fleming and Nicole Neeman Brady, CEO and director of the renewable energy SPAC, Sustainable Development Acquisition I Corp, discussed the rise of special purpose acquisition companies (SPACs), the opportunities they present in renewable energy and in the transition to green infrastructure and the complex legal and business challenges these vehicles present.
Former NYSE CFO: SPACs are ‘here to stay’
In 2020, 219 SPACs raised $73 billion in proceeds, Business Insider reported. That’s a 462% year-over-year jump in proceeds raised using the process, outpacing traditional IPOs, which raised $67 billion year-to-date. Companies including Virgin Galactic, AppHarvest and DraftKings have chosen the SPAC approach.
Fervor Eases as Record SPAC Deal Gets Ho-Hum Response
Southeast Asia’s answer to Uber is set to nab the record for biggest deal in the SPAC world, yet traders are holding their applause.
SPAC deals attract younger, less-funded digital health startups
The prospect of companies hitting the public markets before they’re fully prepared creates the possibility for failure, according to Rock Health.
Ex-CEO of Gas Titan Targets SPAC Investments in Clean Energy
The former head of a major U.S. shale driller is eyeing more investments in the energy transition after his first blank-check company announced a deal to create a $1.15 billion renewable natural gas business.
Robbins Geller Rudman & Dowd LLP Launches SPAC Task Force
Robbins Geller has formed a dedicated SPAC Task Force comprised of experienced securities and M&A lawyers.
Grab and Altimeter Growth Corp. Investor Presentation
The Investor Presentation for the Grab and Altimeter Growth Corp. merger is available.
Grab, the Leading Superapp for Deliveries, Mobility and Financial Services in Southeast Asia, Plans to Go Public in Partnership with Altimeter
Grab Holdings Inc. (“Grab”), Southeast Asia’s leading superapp, today announced it intends to go public in the U.S. in partnership with Altimeter Growth Corp. (Nasdaq: “AGC”) in what is expected to be the largest-ever U.S. equity offering by a Southeast Asian company.
‘Frustrated’ Limited Partners Are Questioning PE-Sponsored SPACs
Private equity firms that sponsor blank-check companies raise the potential for conflicts of interest with their own funds, according to PitchBook.
Investors are flocking to video gaming, but be wary of esports, SPACs, advisors say
Investors are flooding the video game market with money at a record rate during a pandemic-inspired boom. Some, unfamiliar with the gaming world and eager to follow suit, may be tempted by impressive numbers and projected growth, rather than the core product in which they’re investing.
Regulators Step Up Scrutiny of SPACs With New View on Warrants
Some special-purpose acquisition companies have improperly accounted for warrants sold or given to investors, securities regulators said Monday, stepping up scrutiny of the popular vehicles.
Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (“SPACs”)
In a recent statement, Acting Chief Accountant Paul Munter highlighted a number of important financial reporting considerations for SPACs.
What’s behind Grab’s reported SPAC listing
Grab’s decision to opt for an SPAC listing rather than an IPO may seem strange to some, but it is a timely and strategic move, says Li Jianggan.
SEC to Wall Street: SPACs Aren’t a Way Around Securities Laws
The U.S. Securities and Exchange Commission has a fresh warning for the booming SPAC market: Blank-check companies aren’t an end-around to avoid disclosing key information to investors.
Exclusive: Impossible Foods in talks to list on the stock market – sources
Impossible Foods Inc is preparing for a public listing which could value the U.S. plant-based burger maker at around $10 billion or more, according to people familiar with the matter.
SPAC Deal Aims to Create the Largest Pot Company in California
Dealmaking in the frenzied cannabis market continues to flourish with the latest megadeal announced Thursday. Investors aim to build a Coca-Cola or Hershey of marijuana, launching the first national pot brand in the United States.
Sonder considers going public via SPAC
The San Francisco-based firm, which leases apartments and turns them into furnished, short-term rentals, is in talks to go public by merging with one of Alec Gore and Dean Metropoulos’ blank-check firms.