Hosted by J.P. Morgan, Pillsbury Winthrop Shaw Pitman, and Donnelley Financial Solutions. DATE: Wednesday, Sept. 16, 2020 12:00 p.m. CST
Insurance SPAC Delwinds Insurance Acquisition files for a $200 million IPO
Delwinds Insurance Acquisition, a blank check company formed by The Gray Insurance Company targeting the insurance industry, filed on Friday with the SEC to raise up to $200 million in an initial public offering.
Sustainable tech SPAC Qell Acquisition files for a $300 million IPO
Qell Acquisition, a blank check company formed by PIMCO and industry veterans targeting a sustainable tech business, filed on Friday with the SEC to raise up to $300 million in an initial public offering.
Altimeter Capital’s tech SPAC Altimeter Growth Corp. files for a $450 million IPO
Altimeter Growth Corp., a blank check company formed by Altimeter Capital targeting the tech sector, filed on Friday with the SEC to raise up to $450 million in an initial public offering.
Ex-Trump Adviser Cohn Raises More Than Planned in Blank-Check IPO
Gary Cohn, the former economic adviser to U.S. President Donald Trump, raised $720 million on Tuesday in an initial public offering (IPO) for a new blank-check acquisition company, 20% more than originally planned, according to a person familiar with the matter.
5 things you need to know about…SPACS
SPACs (special purpose acquisition or “blank cheque” companies) have recently regained prominence in the US, with H1 2020 seeing record-breaking levels of activity, both in terms of value (Bill Ackman’s $4bn Pershing Square Tontine is the largest SPAC IPO to date, eclipsing previous records) and volume (SPACs accounted for around 30% of all US IPOs in H1 2020). One of the reasons for the revived interest is that experienced founder teams can benefit from a dislocated market to find good opportunities that yield attractive returns.
Private Equity Purchasers and SPACs May Be “Preferred” Divestiture Buyers under New DOJ Guidelines for Merger Remedies
On September 3, 2020, the Department of Justice (“DOJ”) issued a revised Merger Remedies Manual, which sets forth the Division’s framework for implementing remedies to resolve antitrust concerns in merger cases. The Manual specifically calls out Private Equity firms as potentially preferred buyers in certain situations. We believe the policy behind that announcement applies equally to Special Purpose Acquisition Companies (“SPACs”).
Tech-focused private equity firm’s SPAC Vector Acquisition files for a $300 million IPO
Vector Acquisition, a blank check company formed by Vector Capital targeting the tech industry, filed on Tuesday with the SEC to raise up to $300 million in an initial public offering.
It Pays To Be A (SPAC) Winner
If you want to place a bet on who comes out on top in the next Disney (DIS) cartoon, bet on plucky little upstarts. The smaller, weaker outcasts defy the odds and win the day pretty much every day. That’s how it works in the movies. It’s not how it works in the world generally or in special purpose acquisition companies (SPACs). As I wrote in SPAC Size Matters, the best opportunities are in the biggest SPACs.
Diginex Raises $20M Ahead of SPAC Listing on Nasdaq
Diginex, the Hong Kong-based company behind the newly launched EQUOS.io crypto exchange, has raised $20 million ahead of an anticipated Nasdaq listing later this month.
Life sciences SPAC HighCape Capital Acquisition prices $100 million IPO at $10
HighCape Capital Acquisition, a blank check company formed by HighCape Capital targeting the life sciences industry, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. The company originally planned to offer half-warrants.
Insider Transportation: EV startups take a new road to public markets, airlines ditch change fees, and more
Even amid plagues, summer is the time for road trips. (Maybe especially amid plagues, when travel restrictions make a terrestrial trip more workable than flying.) But as we head into Labor Day and take a look back at the season, we’ve noticed a distinct lack of road shows.
VW-backed battery maker QuantumScape to go public at $3.3 billion valuation
(Reuters) – QuantumScape, the 10-year-old Silicon Valley battery startup backed by Volkswagen AG (VOWG_p.DE), said on Thursday it plans to go public through a reverse merger with Kensington Capital Acquisition Corp KCAC.N with an enterprise value of $3.3 billion.
Media SPAC Falcon Capital Acquisition files for a $300 million IPO
Falcon Capital Acquisition, a blank check company formed by Ariliam Group and Eagle Equity Partners targeting a media business, filed on Thursday with the SEC to raise up to $300 million in an initial public offering.
9th Annual Gateway Conference to Feature SPAC Webinar on Thursday, September 10th, 2020 at 2:30 p.m. ET
Webinar Will Bring Together Experienced Leaders in the SPAC Asset Class to Discuss Current Market Trends NEWPORT BEACH, Calif., Sept. 03, 2020 (GLOBE NEWSWIRE) —…
Dive Into the SPAC Trend Now With Gores Metropoulos Stock
SPACs have been hot, and GMHI stock looks like the next winner after an auto tech buy The SPAC trend remains hot, with yet another…
Why Airbnb Is Saying ‘Thanks, But No Thanks’ To Bill Ackman’s SPAC
Short-term rental giant Airbnb has said “thanks, but no thanks” — at least for now — to a proposal to go public by merging with billionaire Bill Ackman’s special purpose acquisition company (SPAC).
S-1/A – Corsair Gaming, Inc.
Filed: 2020-09-01 AccNo: 0001193125-20-237299 Size: 9 MB Source: SEC Filings – S-1/A – Corsair Gaming, Inc.
Competitive mobile game maker Skillz will do a quick IPO at $3.5 billion valuation
Skillz is going public this fall on the New York Stock Exchange through a special public acquisition company (SPAC). This has become a popular way for fast-moving companies to go public without all the hassle of a traditional IPO. SPACs are set up by managers who raise money in a blind shell company, and the investors don’t know what they’re putting their money into.
S-1 – Bluescape Opportunities Acquisition Corp.
Filed: 2020-09-02 AccNo: 0001104659-20-101755 Size: 2 MB Source: S-1 Filings – S-1 – Bluescape Opportunities Acquisition Corp.