Archer Aviation, the electric aircraft startup targeting the urban air mobility market, has landed United Airlines as a customer and an investor in its bid to become a publicly traded company via a merger with a special purpose acquisition company.
2 Healthcare SPACs to Watch in 2021
Special Purpose Acquisition Companies (SPACs) are essentially blank check companies with the backing of sophisticated institutional investors. SPACs raise money through an IPO solely to acquire another company.
Busy day in the SPACsphere as deals, including Kaepernick, run hot
Colin Kaepernick took his activism to the wide world of SPACs. Archer, a developer of all-electric vertical take-off and landing (eVTOL) aircraft, is combining with SPAC. The Beachbody Company Group also announced its intention to become a public company.
SPACs: Frequently Asked Questions
Among other things, 2020 will be remembered as a year that saw a boom in the use of Special Purpose Acquisition Companies (SPACs) as a robust alternative to an initial public offering (IPO).
Las Vegas-based PlayStudios deal with Murren-led company follows slot machine industry growth pattern
PlayStudios CEO Andrew Pascal was well into the process last fall of taking the Las Vegas-based social gaming provider public through a merger with a special purpose acquisition company (SPAC).
Seattle biotech startup Nautilus to get $350 million, stock listing in SPAC deal
Nautilus Biotechnology announced plans Monday to go public via a merger with a special purpose acquisition company (SPAC) called Arya Sciences Acquisition III.
Billionaire Gores backs Matterport listing with $2.9 bln blank-check deal
Matterport Inc, which makes makes 3D cameras for virtual tours of real estate, will go public through a merger with a blank-check firm backed by billionaire Alec Gores in a deal that values the combined entity at $2.9 billion, the companies said on Monday.
US IPO Weekly Recap: Biotechs flood the IPO market in a 14 IPO week
The IPO market had its busiest week yet this year with 14 IPOs raising $3.9 billion and 27 SPACs raising $9.2 billion. The IPO pipeline remained active as well, with 3 IPOs and 38 SPACs submitting initial filings.
CCIV Stock: Peter Rawlinson Sparks Hope for a Lucid Motors SPAC Merger
Bulls look likely to win the battle today with Churchill Capital IV (NYSE:CCIV), as a new interview sends CCIV stock soaring. Without confirmation of a Lucid Motors SPAC merger, what is the rally all about? And what else do you need to know now?
Electric Aircraft Startup Archer to Go Public at Multibillion Dollar Valuation via SPAC – Sources
Electric aircraft startup Archer Aviation Inc. plans to go public by merging with a special purpose acquisition company, or SPAC, in a deal that will give the company a multibillion dollar valuation, according to people familiar with the matter.
SPAC 101 – Is 2021 the Year of SPACs in Asia? Q&A
On January 27 and 28, 2021, over 300 participants joined Morrison & Foerster’s webinars on “SPAC 101- Is 2021 the Year of SPACs in Asia?” where Partners Mitchell S. Presser, Justin R. Salon, and Ruomu Li led an in-depth discussion on the growing significance of SPACs and their relevance to the Asian market.
Clover Health: How the “King of SPACs” Lured Retail Investors Into a Broken Business Facing an Active, Undisclosed DOJ Investigation
We reveal how Clover Health and its Wall Street celebrity promoter, Chamath Palihapitiya, misled investors about critical aspects of Clover’s business in the run-up to the company’s SPAC go-public transaction last month.
23andMe to Merge with Virgin Group’s VG Acquisition Corp. to Become Publicly-Traded Company Set to Revolutionize Personalized Healthcare and Therapeutic Development through Human Genetics
23andMe, Inc., a leading consumer genetics and research company, and VG Acquisition Corp. (NYSE: VGAC), a special purpose acquisition company sponsored by Virgin Group, announced today that they have entered into a definitive merger agreement.
CCC Information Services to Go Public in $6.5 Billion SPAC Merger
Auto-insurance IT provider will merge with a SPAC backed by Dragoneer Investment Group
Global firms raise $546 billion in January as SPAC frenzy continues
Companies raised $546 billion from new bond and share issues in January, as a flood of central bank money-printing and recovering stock markets brought record numbers of new listings, SPAC deals and share sales, Refinitiv data showed on Wednesday.
Julia Stewart is involved in the latest restaurant SPAC
The SPAC boom doesn’t appear to be subsiding anytime soon, and yet another one is aimed squarely at the restaurant industry. Bite Acquisition Corp. filed documents with federal-securities regulators last week for a $150 million special purpose acquisition company.
Astra Investor Presentation
The Investor Presentation for the Astra and Holicity merger is now available.
Video: Astra CEO Chris Kemp on the company going public through a SPAC deal
San Francisco-area startup Astra is going to be the next publicly-traded space stock, as well as the first that’s dedicated to orbital rocket launches. Chris Kemp, Astra founder, chairman and CEO, joined “Squawk Box” on Tuesday to discuss.
Video: AppHarvest CEO on going public through a SPAC, surges in debut
Agriculture tech company AppHarvest completed its merger with Novus Capital Monday in part of its SPAC deal to go public.
Israeli Startup REE Plans Merger With 10X Capital SPAC
REE Automotive, an electric-vehicle technology startup, has agreed to go public through a merger with 10X Capital Venture Acquisition Corp., a blank-check company, according to people with knowledge of the matter.