South Mountain Merger Corp. SMMC, +15.55%, a special purpose acquisition corporation, or SPAC, said Monday it has reached a deal to merge with Billtrust, a cloud-based payment…
Paya Emerges from SPAC/Merger as the #6 Player in eCommerce
The financial world has seen more than a fair number of specialty purpose acquisition companies (SPACs) come public in 2020. This is allowing a vast…
SPACs Lure Payments Firms (And Others) — With Speed Bumps Ahead?
Special purpose acquisition companies (SPACs) are gaining traction in the payments space — but might there be speed bumps ahead? To that end, as reported…
INTERVIEW: Former Cole Haan CEO Launches Retail SPAC Empower
Matt Rubel is looking to empower a business. The former CEO of Cole Haan just launched a retail-focused SPAC called Empower Ltd. (NYSE: EMPW-UN), which…
ICR Publishes Q3 2020 SPAC Market Update
ICR published their Q3 2020 SPAC Market Update which saw 183 active public SPACs holding more than $57 billion in cash as of September 30,…
Serial Dealmaker and Master of Payouts Shows Why SPACs Appeal
(Bloomberg) — Few on Wall Street can do more with a blank check than Bill Foley. At 75, he’s the poster child for one of…
Nextdoor Is Said to Eye Public Listing, $5 Billion Valuation
Nextdoor Inc., a social network for neighbors sharing information or trading goods and services, is considering options to go public, including an initial public offering, according to people with knowledge of the matter.
App-focused SPAC dMY Technology Group III files for a $250 million IPO
dMY Technology Group III, the third blank check company formed by Niccolo de Masi and Harry You targeting an app business, filed on Friday with the SEC to raise up to $250 million in an initial public offering.
Advent Technologies to stage IPO via reverse merger with SPAC
In a deal with SPAC, AMCI Acquisition (NASDAQ:AMCI), fuel cell maker Advent Technologies agreed to go public via reverse merger which values the latter at ~$358M, including debt; AMCI holds ~$153M of cash in trust.
It’s Raining Biotech SPACs!
New SPACs are getting announced every day, including in biotech: so much so that serial entrepreneur Mike Gilman tweeted that “it’s raining SPACs” – a sentiment that captures the frenzied downpour of activity.
Navigating the SPAC Trend in the Cannabis and Hemp/CBD Market
Special Purpose Acquisition Companies (SPACS) have had increased activity in the cannabis and hemp/CBD industries over the past year.
Spartacus Acquisition Corporation Announces Pricing of $200,000,000 Initial Public Offering
Spartacus Acquisition Corporation announced today that it priced its initial public offering of 20,000,000 units, at $10.00 per unit.
Real estate technology SPAC PropTech Investment II files for a $175 million IPO
PropTech Investment II, the second blank check company led by partners at Hennessy Capital targeting a real estate technology business, filed on Wednesday with the SEC to raise up to $175 million in an initial public offering.
Buyout interest in Oak Park-based electric truck startup Bollinger presents conflict
Robert Bollinger is in the middle of raising a mere $50 million to get his self-named, Oak Park-based startup’s Hummer-like electric trucks into production.
SoftBank eyes IPO for blank-check acquisition vehicle in 2020
SoftBank Group plans to list a blank-check company in the U.S. as early as this year, in a plan that has already begun stoking concerns about giving unvetted startups access to the equities market.
DiamondPeak Stock Drops on Workhorse News. It’s a Strange Reaction.
Stock in special purpose acquisition company DiamondPeak pulled back from a steeper decline to trade down more than 5% Tuesday afternoon. It apparently is a reaction to an issue involving Workhorse, but that’s wrong-headed. Trading in the stocks should be the other way around.
Exclusive: Supply chain software firm E2open nears deal to go public – sources
U.S. supply chain management software firm E2open LLC is nearing a deal to go public through a merger with blank-check acquisition company CC Neuberger Principal Holdings I at a valuation of more than $2.5 billion, including debt, people familiar with the matter said on Tuesday.
Despite Its Huge Run-Up, Hyliion Stock is Still a Long-Term Buy
HYLN stock is a long-term winner because RNG is an immediately usable clean energy solution for trucking
Atlanta Falcons minority owner behind latest sports-related SPAC
Sports Ventures Acquisition filed with the US securities and exchange commission (SEC) on 9th October with an aim of raising US$200 million from its initial public offering.
SoftBank Plans To Launch SPAC
Japanese investment conglomerate SoftBank is getting in on the special purpose acquisition company, or SPAC, bandwagon, Axios reported Monday.