Banking app Dave announced Monday that the company will make its market debut through a SPAC merger with VPC Impact Acquisition Holdings III.
Digital Ad Startup Minute Media Explores Going Public
Digital advertising company Minute Media is working with Goldman Sachs Group Inc. on a plan to go public as soon as this year, according to people familiar with the matter.
[Webinar] When the Dust Settles: A Closer Look at the SPAC Boom and Potential Litigation to Follow
In this webinar, Adam Sisitsky moderates a panel of Mintz litigation attorneys including Nancy Adams, Jack Sylvia and Kristen White as they explore the rising risk of litigation and regulatory enforcement facing SPACs and the individuals that lead them.
Smart-Lock Startup Latch Rides SPAC Frenzy To $1.5 Billion Valuation
Smart-lock startup Latch began trading Monday through a SPAC listing that raised $453 million and values the company at over $1.5 billion. The shares, issued through a special purpose acquisition vehicle run by Tishman Speyer Properties, rose 4% on the first day of trading.
SoFi Jumps 12% in Nasdaq Debut After Palihapitiya SPAC Merger
SoFi Technologies Inc., the student-loan operator and stocks-trading platform, jumped 12% in its Nasdaq debut after merging with investor Chamath Palihapitiya’s blank-check company earlier this year.
Clarity Emerges in the Aftermath of the SEC Statement on SPAC Warrant Accounting: A Roadmap for the Changes to Permit Equity Classification
On April 12, 2021, the Acting Director of the SEC’s Division of Corporation Finance, John Coates, and Acting Chief Accountant of the SEC, Paul Munter, released a statement on accounting and reporting considerations for warrants issued by SPACs.
Turnaround veteran’s SPAC M3-Brigade Acquisition IV files for a $200 million IPO
M3-Brigade Acquisition IV, the fourth blank check company led by turnaround veteran Mohsin Meghji targeting the renewable energy space, filed on Tuesday with the SEC to raise up to $200 million.
The Pied Piper of SPACs
Chamath Palihapitiya says that the investment tool lets ordinary people get rich off startups. It may be hype—but hype can be its own economic engine.
IPO Market Faces a Critical Juncture
With inflation fears weighing on stocks, investors have shifted away from tech, IPOs and SPACs.
Navitas Semiconductor to Go Public through SPAC Merger
Navitas Semiconductor, a GaN power IC provider, is set to go public in a special purpose acquisition company (SPAC) deal valued at over $1 billion.
Redbox Looks to Go Public Again in SPAC Deal
Who says the DVD is dead? Not DVD rental giant Redbox, which believes the discs not only have life to them, but also that they’d make a good investment.
IPOE Stock: The SoFi SPAC Merger News Boosting Palihapitiya’s Social Capital Today
Chamath Palihapitiya’s Social Capital Hedosophia Holdings V (NYSE:IPOE) has been a hot stock of late. Like other celebrity SPAC IPOs, investors have piled into IPOE stock in anticipation of what could turn out to be high-quality merger targets.
Koch Industries Accelerates Shift to Tech and Loads Up on SPACs
Spring Creek has also emerged as a significant player in the SPAC frenzy, investing in more than 250 special purpose acquisition companies sponsored by firms including Apollo Global Management Inc., Fortress Investment Group and TPG.
Yellowstone Acquisition Company To Restate 2020 Financial Statements To Address the Recent SEC Pronouncement on Accounting for Warrants Issued by Special Purpose Acquisition Companies
Yellowstone Acquisition Company announced that the company will restate its 2020 financial statements as filed in its Annual Report on Form 10-K to account for recent changes in accounting for warrants issued by SPACs.
SoftBank Vision Fund Considers Listing a $300 Million European Tech SPAC
SoftBank Group Corp., the technology dealmaker founded by billionaire Masayoshi Son, is considering listing a special purpose acquisition company in Europe, people with knowledge of the matter said.
Some big U.S. hedge funds bought value stocks, SPACs during first quarter
A number of well-known U.S. hedge funds bought value stocks and blank-check acquisition companies, selling some winners from the technology-led stock rally as bond yields rose during the first quarter, filings released on Monday showed.
D2C virtual health company Hims & Hers beats its Q4 expectations
Consumer telehealth and wellness brand Hims & Hers came out on top of its projections for the first quarter of 2021, according to its financial results report released today.
Ginkgo Bioworks Goes International Days After SPAC Announcement
Ginkgo Bioworks isn’t letting any grass grow under its feet. Just a week after inking a $2.5 billion pact to go public via the special purpose acquisition company Soaring Eagle Acquisition Corp. (SRNG, Financial), the Boston-based company is expanding overseas.
#TradeTalks: How is the industry is reacting to recent SEC accounting guidance related to SPACs?
Ellenoff Grossman & Schole Managing Partner Douglas Ellenoff; Nasdaq Global Head of SPAC Listings Eklavya Saraf join Jill Malandrino on #TradeTalks to discuss recent SEC accounting guidance related to SPACs and how the industry is reacting.
Why SPACs Could Shake Up the Home-Based Care M&A Environment
Currently, there are 28 new SPACs hitting the market on a weekly basis, according to Seeking Alpha. There have been hundreds of them created in just the last few years, and a bevy of those have expressed at least some interest in health care, according to Mark Kulik, the managing director of M&A advisory firm The Braff Group.