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.
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.
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.
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.
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.
CIIC stock has faded a bit, but a broader pullback in EV SPACs means it could have further to fall
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.
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.
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.
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.
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.
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.
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).
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.
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 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.
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.
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 Chairman Gary Gensler said his enforcement agenda will include heightened scrutiny of SPACs, fintech and cryptocurrency, according to Fox Business.
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.