Wheels Up Partners LLC is in talks to go public through a merger with blank-check acquisition company Aspirational Consumer Lifestyle Corp. in a deal which could value the private jet charter company at more than $2 billion, people familiar with the matter said on Monday.
One of the areas of the financial markets that has benefited from the pandemic is special purpose acquisition companies (SPACs), otherwise referred to blank cheque companies designed to create IPO access for private companies without going through the traditional IPO process.
Content recommendation company Taboola planned to announce Monday it intends to go public by merging with a ION Acquisition Corp, a special purpose acquisition company (SPAC).
Latch Inc said on Monday it plans to go public through a merger with blank-check company TS Innovation Acquisitions Corp, backed by U.S. property developer Tishman Speyer, in a deal that values the smart-lock maker at $1.56 billion.
Bustle Digital Group, Vice Media, Vox Media, Group Nine and Buzzfeed have had recent talks about going public via a SPAC or consolidating and then going public, according to people familiar with the matter.
Queen’s Gambit Growth Capital, a blank-check company led entirely by female executives, increased the size of its U.S. initial public offering to raise $300 million.
You might not have room on your list of special purpose acquisition companies (SPACs) for one more. But you’ll definitely want to take a look at Experience Investment (NASDAQ:EXPC), a SPAC from KSL Capital. And if you’d like to enter into a truly different type of investment, then EXPC stock could be right up your alley.
2020 was a lightning rod for financial innovation as a flurry of firms came to market through blank-check structures known as Special Purpose Acquisition Companies (SPACs).
New SEC Chairman Gary Gensler said his enforcement agenda will include heightened scrutiny of SPACs, fintech and cryptocurrency, according to Fox Business.
Payoneer Inc., an online payments specialist, is in talks to go public through a merger with FTAC Olympus Acquisition Corp., a blank-check firm, according to people with knowledge of the matter. FTAC rose as much as 29% on the news.
Veteran startup investor Michael Moe is diving headfirst into a new education-focused venture while getting set for Part II of another one he launched last summer.
Compute Health Acquisition Corp., a blank-check company set up by Intel Corp. Chairman Omar Ishrak, filed for a $750 million initial public offering to raise funds for dealmaking in the health technology sector.
Goldman Sachs CEO David Solomon said he doesn’t think the current special purpose acquisition company (SPAC) boom is sustainable, the Financial Times (FT) reported.
With the boom in special purpose acquisition companies, privately held companies are getting the upper hand with sellers, sponsors are giving up equity, and deals are closing at record rates, according to an analysis of 2020 data on SPACs by law firm Freshfields.
SPACs, shorthand for special purpose acquisition companies, have become this year’s most popular alternative option for private companies to access the public capital markets and become publicly traded.
When going public is a company’s ultimate goal, the method of doing so isn’t the most important factor. Consider Clover Health Investments, which provides Medicare Advantage health plans to 57,000 members.
Gaming & Hospitality Acquisition, a blank check company formed by Affinity Gaming targeting the gaming and hospitality sectors, filed on Friday with the SEC to raise up to $150 million in an initial public offering.
The Parent Company, Formerly Subversive Capital Acquisition Corp., has Completed its Qualifying Transaction and is Now the Largest Vertically Integrated Cannabis Operation in California
While other lidar stocks have zoomed higher following SPAC deals, Colonnade Acquisition (CLA) still trades around $13. Back on December 22, the SPAC agreed to a business combination with lidar sensor developer Ouster which will trade under “OUST” on the NYSE.
Future Ventures — cofounded by venture capitalist Steve Jurvetson and Maryanna Saenko, a colleague of Jurvetson at his last firm, DFJ, as well as an investor previously with Airbus Ventures and Khosla Ventures — has closed its second fund with $200 million in capital commitments, say the pair.