Former Uber Technologies, Inc. executive Emil Michael plans to file for an initial public offering of $250 million for a blank check company whose special advisors include Dr. Eric Schmidt, the Silicon Valley billionaire who was previously CEO of Google and Executive Chairman of Alphabet Inc.
Shark Tank investor Kevin O’Leary breaks down his strategy for picking SPACs – and explains why he’d bet on Bill Ackman and 3 other leaders
Shark Tank investor Kevin O’Leary shared his SPAC-picking strategy during CNBC’s Halftime Report on Tuesday.
Billionaire Charles Ergen-backed blank-check firm aims to raise $1 bln in IPO
CONX Corp, a blank-check company led by billionaire Charles Ergen, is looking to raise around $1 billion in an initial public offering, it said on Wednesday.
S-1MEF – Avanti Acquisition Corp.
Filed: 2020-10-01 AccNo: 0001193125-20-261583 Size: 131 KB Source: SEC S-1 Filings – S-1MEF – Avanti Acquisition Corp. (0001819608) (Filer)
Jim Cramer Vs. Chamath Palihapitiya: The SPAC War Hits Twitter
CNBC’s Jim Cramer has been bashing SPACs on Twitter and his show this week. That drew attention from the so-called SPAC King Chamath Palihapitiya.
Blank-Check Dealmakers Seek to Raise $100 Million for SPAC Fund
A team of blank-check company dealmakers is seeking to raise $100 million for a fund that will invest exclusively in special purpose acquisition companies.
S-1/A – Sports Entertainment Acquisition Corp.
Filed: 2020-09-28 AccNo: 0001140361-20-021735 Source: SEC S-1 Filings – S-1/A – Sports Entertainment Acquisition Corp. (0001820852) (Filer)
S-1/A – FG New America Acquisition Corp.
Filed: 2020-09-28 AccNo: 0001104659-20-109169 Source: SEC S-1 Filings – S-1/A – FG New America Acquisition Corp. (0001818502) (Filer)
SPAC shareholders approve merger to make Hyliion public
Shareholders in special purpose acquisition company (SPAC) Tortoise Acquisition Corp. (NYSE: SHLL) voted Monday to make startup electric drivetrain maker Hyliion Inc. a public company worth more than $7.2 billion.
SPACs Have Raised More in 2020 Than the Last 10 Years Combined
Blank-check companies are having a record-breaking year, raising about $41 billion so far, according to data compiled by Bloomberg.
Alec Gores strikes again with biggest SPAC merger to date
The SPAC boom just became a little bigger. Gores Holdings IV, a special-purpose acquisition company that raised $425 million at the start of the year, has agreed to combine with United Wholesale Mortgage in a reverse merger that will value the mortgage origination provider at roughly $16.1 billion, marking the largest SPAC merger on record, the company said.
S-1 – Bridgetown Holdings Ltd
Filed: 2020-09-23 AccNo: 0001213900-20-028092 Source: SEC S-1 Filings – S-1 – Bridgetown Holdings Ltd (0001815086) (Filer)
Peter Thiel joins the SPAC boom
Peter Thiel is involved in a new SPAC that on Wednesday filed for a $575 million IPO, becoming the latest Silicon Valley tech investor to ride Wall Street’s hottest wave.
S-1/A – GoodRx Holdings, Inc.
Filed: 2020-09-22 AccNo: 0001193125-20-250579 Source: SEC S-1 Filings – S-1/A – GoodRx Holdings, Inc. (0001809519) (Filer)
Egregious Founder Shares. Free Money for Hedge Funds. A Cluster***k of Competing Interests. Welcome to the Great 2020 SPAC Boom.
It’s a brilliant, blue-sky afternoon in mid-August, and Bill Ackman is enjoying being, well, Bill Ackman.
Maybe it’s the sun. Or maybe it’s the aftermath of his latest tour de force — the IPO of a $4 billion special-purpose acquisition company, or SPAC, the largest of its kind during a year when such blank-check deals are exploding.
S-1/A – FinTech Acquisition Corp. IV
Filed: 2020-09-23 AccNo: 0001213900-20-027915 Source: SEC S-1 Filings – S-1/A – FinTech Acquisition Corp. IV (0001777835) (Filer)
S-1/A – VG Acquisition Corp.
Filed: 2020-09-23 AccNo: 0000950103-20-018549 Source: SEC S-1 Filing – S-1/A – VG Acquisition Corp. (0001804591) (Filer)
Big Law Firms Scramble to Cash in on Blank-Check Bonanza
New York lawyer Douglas Ellenoff’s firm was the go-to adviser for “blank-check” initial public offerings long before the niche market exploded into the most fashionable way to go public.
Law firms could make hundreds of millions of dollars on the SPAC boom, as elite firms elbow in on a growing market
SPACs used to be a small segment of the market, but elite law firms have flocked to the sector in 2020. They stand to make…
Webinar Event: Special purpose acquisition companies (SPACs): a popular alternative path to the public markets
Ernst & Young will be hosting a SPAC webinar on September 23, 2020 at 11 AM EDT. During this webcast, Ernst & Young will review the latest trends driving this rise in SPAC transactions.