This year Wall Street has become inundated with ‘special purpose acquisition companies’. More commonly known as ‘SPACs’. SPACs account for one in every five dollars…
Can SPACs shake off their bad reputation?
Gabriel Grego was scanning a directory of newly-listed companies when his eyes landed on his next potential target: Akazoo, a Greek music streaming service that…
A SPAC IPO Renaissance and the De-SPAC Communications Necessities
SPACs – Special Purpose Acquisition Companies – have risen to prominence over the last few years. Another way to look at a SPAC IPO might…
Foresite Capital’s SPAC FS Development prices upsized $105 million IPO at $10
Foresite Capital’s SPAC FS Development prices upsized $105 million IPO at $10 FS Development, a blank check company formed by Foresite Capital targeting a healthcare…
The SPAC race: Wall St banks jostle to get in on hot new trend
Special purpose acquisition companies, or SPACs, have grown from a niche part of equity markets to become a popular alternative route to public markets. New…
Hims in talks to merge with Oaktree-backed SPAC
Hims, a telehealth company that offers personal health and wellness products, is in negotiations to go public by merging with blank-check company Oaktree Acquisition, according to…
Fortress Value Acquisition Corp. II Announces Pricing of $300 Million Initial Public Offering
NEW YORK–(BUSINESS WIRE)–Fortress Value Acquisition Corp. II (the “Company”), a blank check company formed for the purpose of entering into a merger, capital stock exchange,…
Are SPACs the new trend for hi-tech and biotech start-ups?
In the coming months, we will see an increasing number of tech companies going public via Special Purpose Acquisition Corporation (SPACs), rather than through the…
Fusion Acquisition Corp. Announces the Separate Trading of its Common Stock and Warrants, Commencing August 14, 2020
NEW YORK, Aug. 11, 2020 (GLOBE NEWSWIRE) — Fusion Acquisition Corp (NYSE: FUSE.U) (the “Company”) today announced that, commencing August 14, 2020, holders of the…
Hennessy Capital Acquisition Corp. IV (HCAC) recent quarterly performance of 6.41% is not showing the real picture
Hennessy Capital Acquisition Corp. IV (NASDAQ: HCAC) started the day on August 10, 2020, with a price decrease of -3.05% at $10.79. During the day,…
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Merger of Megalith Financial Acquisition Corp. with BankMobile Technologies is Fair to MFAC Shareholders
New York, New York–(Newsfile Corp. – August 11, 2020) – The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or…
Gear up for the change! Hennessy Capital Acquisition Corp. IV (HCAC) has hit the volume of 1231911
At the end of the latest market close, Hennessy Capital Acquisition Corp. IV (HCAC) was valued at $11.13. In that particular session, Stock kicked-off at…
Pershing Square’s Supersized SPAC Looks Well-Positioned To Deliver A Splash Acquisition (NYSE:PSTHU)
Summary Well-publicized success of several high-profile SPACs this summer has led to bigger and more well-funded sponsors to enter the space. Bill Ackman’s Pershing Square…
5 Pre-Merger SPACs Worthy of Your Attention
These SPACs have already found companies to complete reverse mergers with. Look for the SPAC stocks to double or even triple in the next year.…
Legacy Acquisition Corp. – Consensus Indicates Potential -80.5% Downside
Legacy Acquisition Corp. found using ticker (LGC) have now 2 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges…
PFIC Rules: A trap for unwary SPACs
What are PFICs? Most U.S. shareholders of passive foreign investment companies (“PFICs”) don’t really understand the unique rules that apply to foreign corporations holding passive…
DraftKings Stock Will Likely See $30 Before $40
Since making its trading debut in April at an opening price of $20.49, DraftKings (NASDAQ:DKNG) stock is up over 60%. On June 2, DraftKings stock…
Hennessy Capital Acquisition Corp hosts conference call for investors
The company, Hennessy Capital Acquisition Corp, is set to host investors and clients on a conference call on 8/12/2020 1:02:02 PM. The call comes after…
SPACS, Robos, and Private Equity
Letters on special purpose acquisition companies, robo-advisors, private equity in 401(k)s, waiting for another correction, Big Tech and the congressional antitrust hearings, and the SEC’s…
CEO who made one of Silicon Valley’s worst acquisitions wants in on record-breaking blank-check boom
Just when you think you have seen it all in the arena of blank check companies, a mind-boggling offering was filed with U.S. regulators: a…