Blank-check acquisition company GigCapital2 Inc has agreed to merge with UpHealth Holdings Inc and Cloudbreak Health LLC to create a digital healthcare company valued at $1.35 billion, the companies said on Monday.
Wealthy Europeans Join SPAC Club in Record Year for Listings
The allure of blank check companies is spreading beyond the U.S., with a host of European business tycoons now plotting deals. Listing a so-called special purpose acquisition company, or SPAC, has been the go-to method for wealthy Americans to raise money for takeovers this year.
Former Netflix Exec Cindy Holland Resurfaces as Board Member of Entertainment-Focused SPAC
Holland has been appointed to the board of Horizon Acquisition Corp. II, which raised $500 million in an IPO earlier this month to seek a “market-leading company in the media & entertainment industry that delivers a unique product or service to consumers.”
Elite Model Merger With Galileo Blank-Check Company Collapses
Model agency Elite Model World’s merger discussions with blank-check firm Galileo Acquisition Corp. have fallen apart without a deal being reached, according to people with knowledge of the matter.
True Wind Capital’s third SPAC Nebula Caravel Acquisition files for a $250 million IPO
Nebula Caravel Acquisition, the third blank check company formed by True Wind Capital targeting the tech sector, filed on Friday with the SEC to raise up to $250 million in an initial public offering.
An Inflection Point For Silver Spike Acquisition Corp. Warrants
Silver Spike Acquisition Corp. has a liquidation deadline on February 12, 2021 and may announce a deal at any time between now and then.
The key focus will be whether the company will merge with a cannabis or non-cannabis target.
Pershing Square Holdings Very Attractive At 28.5% Discount To Understated NAV
Pershing Square Holdings is a closed-end fund trading in London and Amsterdam.
It trades at a 28.5% discount to net asset value, which is a lot in a relative and absolute sense.
The fund has exposure to sponsorship warrants in the largest SPAC in history that are likely undervalued on its book.
The Looming SPAC Meltdown
How hedge fund traders known as the SPAC Mafia are driving an $80 billion investment boom with a no-lose trade.
A Tesla rival is going public at a $5.4 billion valuation via a SPAC set up by Marvel Comics’ ex-CEO
London-based Arrival will combine with US firm CIIG Merger. The combined company expects to list on the NASDAQ under the ticker symbol “ARVL.”
Video Interview with MP Materials James Litinsky, Founder & CEO
Interview with James H. Litinsky is the Founder, Chairman & Chief Executive Officer of MP Materials (NYSE: MP) Benzinga’s SPACs Attack.
Liberty Media-backed SPAC aims to raise $500 mln in U.S. IPO
A blank-check company backed by Formula One-owner Liberty Media Corp is looking to raise $500 million in a U.S. initial public offering, a regulatory filing showed on Thursday.
EXCLUSIVE: Finance of America CEO is Doubling Down During Pandemic as Mortgage Market Strength Holds – Video Highlights and Replay
In an exclusive interview, IPO Edge Multimedia Editor Hope King sat down with Finance of America Companies Chief Executive Officer Patti Cook to discuss taking her company public and doubling down on lending during the global pandemic.
Interview: Billionaire Sam Zell Talks Trump, SPACs, And Interest Rates In Forbes Q+A
Sam Zell is one of the legendary investors of his generation, known for his love of dealmaking, gold chains, and telling it like it is.
OTR Acquisition Corp. (OTRAU) Prices Downsized $100M IPO
OTR Acquisition Corp. announced the pricing of its downsized $100 million IPO this morning and its units are expected to begin trading on the Nasdaq under the symbol “OTRAU” today, Tuesday, November 17.
Credit Suisse, Bird Rides In Talks To IPO Via SPACs
Scooter rental startup Bird Rides Inc. is working on a deal with Credit Suisse Group to go public via a special purpose acquisition company (SPAC), according to a report from Bloomberg.
CRE Firms Join the SPAC Boom
Sponsors such as Tishman Speyer, CBRE and Sam Zell have all launched blank check companies in recent months.
Hyliion Electric Truck Maker Gets Legal Chief After Going Public
Two companies seeking to shake up the automotive industry after recently going public have brought on a pair of in-house law department leaders.
Hyliion Holdings Corp., a startup electric truck maker that began trading in October after merging with a special purpose acquisition vehicle, announced Monday its hire of Jose Oxholm-Uribe as general counsel and chief compliance officer.
Webinar: Bloomberg solutions for SPACs
Special Purpose Acquisition Companies (SPACs), have seen a resurgence in popularity over the past 2 years, and it’s easy to see why.
Advent Technologies Announces Appointment of Katherine E. Fleming, Provost of NYU, to Board of Directors
Advent Technologies, an innovation-driven company in the fuel cell and hydrogen technology space, today announced the appointment of Katherine E. Fleming as a new Member of its Board of Directors, in the context of its planned merger with AMCI Acquisition Corp (NASDAQ: AMCI) and the upcoming Nasdaq listing.
MultiPlan plunges over 20%
MultiPlan (NYSE: MPLN) shares went down over 20% before ending at to $7.01 on Wednesday. This dive comes after Muddy Waters Research releases a short report titled “MultiPlan: Private Equity Necrophilia Meets The Great 2020 Money Grab.”