California aerospace startup Archer Aviation Inc. has a multibillion-dollar vision of flying people around town in autonomous electric helicopter-like vehicles. It doesn’t have revenue or a vehicle ready for passengers, but that hasn’t slowed the three-year-old company.
Markforged to Become Publicly Listed Through Merger With One SPAC
Markforged, creator of an integrated metal and carbon fiber additive manufacturing platform, The Digital Forge, today announced it has agreed to merge with One.
A Fundamentally Different Kind of SPAC
Special Purpose Acquisition Company (SPAC) IPOs have generated a lot of buzz recently, and for good reason: 242 SPACs were launched in 2020 alone.
Shake Shack Creator Danny Meyer Launches SPAC With Charitable Partner
USHG Acquisition Corp. (HUGS), a blank-check company with Shake Shack creator Danny Meyer at the helm, started trading on the New York Stock Exchange on Thursday in a deal valued at $250 million.
Insurance Services Firm, SPAC Sponsor, and SPAC Execs Hit with Post-deSPAC Securities Suit
Regular readers know that I have been documenting on this blog the recent rise in securities class action lawsuit filings relating to SPAC entities and transactions (most recently here).
PLAYSTUDIOS and Acies Investor Presentation
The Investor Presentation for the PLAYSTUDIOS and Acies Acquisition Corp. merger is available.
SoFi and Social Capital Hedosophia V Investor Presentation
The Investor Presentation for the SoFi and Social Capital Hedosophia V merger is now available.
India’s ReNew Power to list on Nasdaq following US$8bn deal with US SPAC
Independent power producer ReNew Power has agreed to go public through a merger with RMG Acquisition Corporation II, a US special purpose acquisition company (SPAC), in a deal that values the combined entity at US$8 billion.
What Should Warehouse Investors Know About This Robotics SPAC?
Robotics company Berkshire Grey is the latest private company going public through a deal with a special purpose acquisition company (SPAC). It agreed to a transaction with Revolution Acceleration Acquisition Corp (NASDAQ: RAAC) to infuse it with cash and accelerate its expansion.
Grofers reportedly mulling a merger with US-based Cantor Fitzgerald’s SPAC for Nasdaq listing
SoftBank-backed e-grocer Grofers may become the first Indian startup to go public through a merger with a SPAC.
Video: The Case for Why Clover Health Stock is Headed to Zero
Clover Health should not be a public company, according to Hedgeye’s Health Policy Analyst Emily Evans. The insurance stock, which went public via SPAC and has been promoted by Chamath Palihapitiya.
Parallel and Ceres Acquisition Corp. Announce Business Combination to Create a Publicly Traded U.S. Cannabis Well-Being Company
Parallel (the “Company”), one of the largest privately-held multi-state cannabis operators in the United States (U.S.) and Ceres Acquisition Corp. (“Ceres”) (NEO: CERE.U, CERE.WT;OTCQX: CERAF), a special purpose acquisition corporation (SPAC), today announced they have entered into a definitive business combination agreement involving a transaction that, if completed, would result in Parallel becoming a public company (the “Transaction”).
Schiller, Falk Sports SPAC Pulled In Over $1 Billion in IPO Orders
Goal Acquisition, the sports-focused blank check firm formed by Harvey Schiller and David Falk, had strong investor interest during its initial public offering pricing, with enough demand to sell more than five times as many units as planned, according to two people familiar with the offering.
Lucid Motors finally confirms SPAC deal, and the stock is plunging
After weeks of spiking share prices for a blank-check company rumored to be targeting the acquisition of electric-vehicle company Lucid Motors, the two parties officially announced a deal Monday afternoon, and the stock sank sharply.
SPAC NextGen Acquisition jumps 40% after report of deal to take EV truck maker Xos public
SPAC NextGen Acquisition Corp. jumped as much as 40% on Monday before paring gains after a Reuters report suggested the company is in talks to take the EV truck-maker Xos Trucks public.
What is a Cannabis SPAC?
SPACs were one of the big financial stories of 2020, given that they raised billions of dollars in the second half of the year. Given the amount of money flowing into SPACs, it’s not surprising that the cannabis industry turned to this new trend for financing.
Paul Singer-backed blank-check firms file for up to $1.5 billion IPO
Two blank-check companies, backed by billionaire Paul Singer’s hedge fund Elliott International Ltd, have filed for initial public offerings of up to $1.5 billion, their regulatory filings showed on Friday.
Elliott Management's tech-focused SPAC Elliott Opportunity I files for a $1.0 billion IPO
Elliott Opportunity I, a blank check company formed by Elliott Management targeting technology, filed on Friday with the SEC to raise up to $1.0 billion in an initial public offering.
Special purpose acquisition companies grow in popularity on Wall Street during the pandemic
Raising special purpose acquisition companies is en vogue in the COVID-19 economy. From venture capitalist Chamath Palihapitiya to footballer-turned-activist Colin Kaepernick to former House Speaker Paul Ryan, it seems like everyone is taking part in this new variant of initial public offerings.
TPB Acquisition I files for a $250 million IPO; SPAC targets sustainable food production
TPB Acquisition, a blank check company formed by venture foundry The Production Board targeting sustainable businesses in food and bio, filed on Friday with the SEC for an initial public offering.