In a year in which over 80 new special purpose acquisition companies (SPACs) have made their debut, WeWork is in discussions to merge with a blank-check company, noted The Wall Street Journal, citing unnamed sources.
Why Buy a SPAC Before It Identifies a Target?
Investing in a special-purpose acquisition company, or SPAC, that hasn’t yet identified which business it plans to take public might seem highly speculative. And in some ways, it is.
TPG-backed SPAC to take online learning platform Nerdy public in $1.7 bln deal
A blank check company backed by private equity firm TPG said on Friday it will take Nerdy Inc public through a merger, in a deal valuing the online learning platform at $1.7 billion.
23andMe in Talks to Go Public Via Branson SPAC
Consumer DNA-testing company 23andMe Inc. is in talks to go public through a roughly $4 billion deal with VG Acquisition Corp., a special purpose acquisition company founded by billionaire Richard Branson, according to people familiar with the matter.
German Industry Icon Touched by SPAC Fever in $300 Million Raise
A blank-check company led by former Siemens AG Chief Executive Officer Klaus Kleinfeld is looking to buy or invest in a sizable firm after raising $300 million in a stock-market listing.
There’s No Need to Chase CIIG Merger Now
CIIC stock has faded a bit, but a broader pullback in EV SPACs means it could have further to fall
The Gores Group-backed SPAC looks to raise $300 mln in IPO
A blank-check firm backed by private-equity firm The Gores Group is aiming to raise about $300 million in its initial public offering, a regulatory filing showed on Wednesday.
Event: TechGC SPAC & Direct Listing Virtual Forum
SPACs and Direct Listings have emerged as a significant new liquidity path for high growth tech companies over the last several months. In this three-day virtual forum for TechGC members, topics will include how to approach liquidity events strategically including evaluating which structure to use, understanding economics / dilution, and how to execute on these transactions.
Video: Betty Liu With Three Reasons Why SPACs Are So Popular
Betty Liu, D and Z Media Acquisition president and CEO, talks about why SPACs are so popular with investors, her company’s plans to file for an IPO, and closing the gender gap on Wall Street. She speaks to Bloomberg’s Sonali Basak. Betty Liu is a former anchor for Bloomberg Television.
Internet Entrepreneur Patrick Grove Files for $250 Million SPAC
Patrick Grove, a serial entrepreneur in Southeast Asia who runs internet-focused investment company Catcha Group, is the latest figure to seek capital through a blank-check firm.
Exclusive: Wheels Up in talks with SPAC to go public: sources
Wheels Up Partners LLC is in talks to go public through a merger with blank-check acquisition company Aspirational Consumer Lifestyle Corp. in a deal which could value the private jet charter company at more than $2 billion, people familiar with the matter said on Monday.
Report: SPACs 2.0
One of the areas of the financial markets that has benefited from the pandemic is special purpose acquisition companies (SPACs), otherwise referred to blank cheque companies designed to create IPO access for private companies without going through the traditional IPO process.
Taboola is going public via a SPAC, aiming to raise $545 million to expand its content recommendations to TV, cars, gaming and ecommerce
Content recommendation company Taboola planned to announce Monday it intends to go public by merging with a ION Acquisition Corp, a special purpose acquisition company (SPAC).
Tishman Speyer-backed SPAC to take smart-lock maker Latch public in $1.6 bln deal
Latch Inc said on Monday it plans to go public through a merger with blank-check company TS Innovation Acquisitions Corp, backed by U.S. property developer Tishman Speyer, in a deal that values the smart-lock maker at $1.56 billion.
SPAC boom could finally provide an exit ramp for digital publishers like Buzzfeed and Vice Media
Bustle Digital Group, Vice Media, Vox Media, Group Nine and Buzzfeed have had recent talks about going public via a SPAC or consolidating and then going public, according to people familiar with the matter.
Queen’s Gambit Expands Blank-Check IPO to $300 Million
Queen’s Gambit Growth Capital, a blank-check company led entirely by female executives, increased the size of its U.S. initial public offering to raise $300 million.
Take a Ride With Helicopter SPAC Experience Investment
You might not have room on your list of special purpose acquisition companies (SPACs) for one more. But you’ll definitely want to take a look at Experience Investment (NASDAQ:EXPC), a SPAC from KSL Capital. And if you’d like to enter into a truly different type of investment, then EXPC stock could be right up your alley.
Webinar: A New ETF Strategy for the SPAC Surge
2020 was a lightning rod for financial innovation as a flurry of firms came to market through blank-check structures known as Special Purpose Acquisition Companies (SPACs).
New SEC Chair Gary Gensler Could Push For SPAC Regulation
New SEC Chairman Gary Gensler said his enforcement agenda will include heightened scrutiny of SPACs, fintech and cryptocurrency, according to Fox Business.
Payments Startup Payoneer in Merger Talks With SPAC
Payoneer Inc., an online payments specialist, is in talks to go public through a merger with FTAC Olympus Acquisition Corp., a blank-check firm, according to people with knowledge of the matter. FTAC rose as much as 29% on the news.