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.
New Tokyo Stock Exchange chief all in for ESG but wary of SPAC boom
The Tokyo Stock Exchange will push Japanese companies to adopt more robust governance rules through an ambitious reorganization in a “big step toward becoming the bourse of choice for global investors,” the new TSE chief told Nikkei in an interview.
75% of SPAC Sponsors Not High Quality: Deutsche Bank Exec.
Ajay Shah, head of technology investment banking at Deutsche Bank AG, discusses the booming popularity of special purpose acquisition companies (SPACs).
Webinar: Akerman Hosts Webinar on SPACs 101– The Nuts and Bolts of Special Purpose Acquisition Companies
The insightful discussion featuring Akerman Corporate Partner Mark Liu, together with industry leaders David Hill (RSM US LLP) and James Keckler (DA Davidson & Co.), will explore the dynamics of SPACs and their influence on the markets.
Airport Concession Operator OTG Said Exploring Sale, SPAC Deal
OTG, an operator of restaurants and concessions at U.S. airports, is exploring options including a sale or going public through a special purpose acquisition company, according to people with knowledge of the matter.
Better Therapeutics to go public via $113M merger with SPAC
Better Therapeutics announced today that, through a $113 million merger with Mountain Crest Acquisition Corp II, it will go public.
Flying-Taxi SPAC Accused of Stealing Aircraft Technology
Wisk Aero LLC, a maker of electric-powered aircraft designed for use as flying taxis, claims its technology was stolen by Archer Aviation Inc., a rival startup valued at $3.8 billion in a blank-check deal earlier this year involving United Airlines Holdings Inc. and investment banker Ken Moelis.
SPAC Bubble Fears Lead Hong Kong, Singapore Down Cautious Path
Hong Kong and Singapore are trying to get in on the boom in blank check company listings, while safeguarding investors from what some say is a bubble about to burst.
SPACs Will Face Many Litigation Challenges: Eventbrite Co-founder
Kevin Hartz, co-founder and chairman at Eventbrite Inc, discusses the boom in the SPACs, with Bloomberg’s Emily Chang.
Carson Block Steps Up SPAC Attacks, Citing ‘Predatory’ Behavior
Short-seller Carson Block said he’s building bets against more special purpose acquisition companies and that some retail investors will fall victim to “predatory plays.”
Origin Materials joins with fiber company to reach global market
West Sacramento chemical and green technology company Origin Materials has joined a partnership with a leading fiber company to commercialize Origin’s zero-carbon plastic in high-performance apparel and automotive applications worldwide.
Enjoy in Talks to Go Public Via Chicago Cubs Owner’s SPAC
Enjoy Technology Inc., a startup that has operated mobile retail stores for companies including Apple Inc., AT&T Inc., BT Group Plc and Rogers Communications Inc., is in talks to go public through a merger with Marquee Raine Acquisition Corp., according to people with knowledge of the matter.
Investment firms’ SPAC EG Acquisition files for a $250 million IPO
EG Acquisition, a blank check company formed by EnTrust Global and GMF Capital, filed on Monday with the SEC to raise up to $250 million in an initial public offering.
AeroFarms and Spring Valley Acquisition Corp. Investor Presentation
The Investor Presentation for the AeroFarms and Spring Valley Acquisition Corp. merger is available.
Sports Stars Think They Got Game in SPAC Arena
Blank-check companies are a new favorite pastime for current or retired pro athletes, but investors shouldn’t necessarily spring for courtside tickets
Investors Aren’t Thrilled About the Ajax-Cazoo Merger, But It May Yet Offer Value
Dan Och’s blank check company Ajax (NYSE: AJAX) has been one of the hot SPACs (special purpose acquisition companies) to watch ever since the SPAC craze took off in 2020.
SPAC boom leads to investment bankers earning record fees
Investment banks across the globe earned record fees during the first quarter of 2021 as companies rushed to raise money from bonds and buoyant equity markets, according to Refinitiv.