Mark Locke sees the U.S. as an emerging growth market for sports betting.
Lordstown Motors shares pop in volatile Nasdaq trading debut
KEY POINTS Shares of Lordstown Motors surged nearly 20% during the company’s public debut on the Nasdaq. The stock jumped as high as $21.75 before…
Social Capital Hedosophia Will Disrupt Real Estate In All The Right Ways
Opendoor’s new SPAC deal is just the next way tech disrupts traditional industries — and profits from it. This time, the target is real estate.
Michael Klein’s SPAC Churchill Capital Corp V upsizes IPO
Churchill Capital Corp V CCV_u.N, a special purpose acquisition company (SPAC) backed by former Citigroup banker Michael Klein, upsized its initial public offering to $400 million on Thursday.
Life Sciences Snapshot – A Quarterly Report on Financing Trends – Q3 2020
In this edition of Orrick’s series of life sciences publications, the traditional update on broader venture market financing data is included, depicting the macro-level trends of interest. In addition, given their surge in popularity, SPACs and their particular utility to life sciences businesses are the subject of this edition’s spotlight.
Bain execs Adam Koppel and Jeffrey Schwartz line up $125M for their first blank check deal as Wall Street continues to embrace biotech
Adam Koppel and Jeffrey Schwartz have jumped into the blank check game, raising $125 million for a stock listing in search of a company.
Used car consignment store CarLotz agrees deal to go public
CarLotz Inc said on Thursday it has agreed to go public through a merger with blank-check acquisition company Acamar Partners Acquisition Corp ACAM.O which values the U.S. consignment store for used vehicles at $827 million, including debt.
The SPAC craze looks for a foothold in London, but may be falling flat
The London Stock Exchange is reportedly exploring ways to attract SPACs to the UK. When Mariposa Capital founder Martin Franklin revealed in September that he…
Birth of a SPAC: Ex-GM executive hunting next-gen mobility target
Former General Motors (NYSE: GM) executive Barry Engle and his team at Qell Acquisition Corp. raised $380 million in less than a month to invest…
Shaq Moves Into SPACs With Former Disney Execs & MLK Jr.’s Son
NBA icon Shaquille O’Neal is taking his talents to the public market, alongside one of Martin Luther King Jr.’s sons and three ex-Disney executives with…
SPAC South Mountain Merger to combine with Billtrust in deal with $1.3 billion enterprise value
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.