The SEC’s recent guidance on special purpose acquisition companies has had a “chilling” effect on the market, the firms say.
Webinar: The SPAC Boom Comes to Asia
SPACs have dominated the IPO market with over 300 transactions raising nearly $100 billion year-to-date. And while Wall Street is buzzing with a surge of deal activity, the next big trend in SPACs hasn’t yet hit the mainstream.
Brilliant Acquisition Corporation: New SEC Guidance Relating to SPAC Warrants, Its Effect on the Company’s Periodic Filings and Compliance with Nasdaq Rules
Brilliant Acquisition Corporation announced today that, as the result of the SEC’s recent guidance, released on April 12, 2021 relating to the accounting treatment of certain warrants issued in connection with SPAC issuers, that the Company is conducting an analysis of the effect of the SEC’s guidance (if any) on the accounting treatment of its warrants.
Navya and REE Automotive announce that they have signed an agreement to develop a level 4 autonomous system including REE corner technology and Navya self-driving solutions
Navya, a leading company in autonomous driving systems, and REE Automotive, a leader in e-Mobility which recently announced its merger with 10X Capital Venture Acquisition Corp.
SPACs: A Convenient Anesthesia for FOMO
As with most financial market crazes, the fear of missing out motivates buying and selling en masse. The market’s current fantasy with special-purpose acquisition companies (SPACs), a financial instrument mired in a suspicious past, may just be another instance of this phenomenon.
Will private equity get caught up in a SPAC showdown with regulators?
The SPAC market has cooled considerably in recent weeks, with companies that went public by merging with a blank-check entity trading well off their highs, and a growing number of regulatory hurdles emerging for an investment strategy that often dominated financial news headlines in 2020.
SPAC Wipeout Is Punishing Followers of Chamath Palihapitiya
Just as Chamath Palihapitiya was the face of the SPAC frenzy that gripped financial markets at the start of the year, he is today the face of the bust.
WeWork’s New Stock-Listing Plan Has Echoes of Its Past
Shared office-space company is touting fast future growth and high profitability. WeWork, which had one of the most spectacular IPO implosions in recent years, is trying to go public again—and some of the factors that worried regulators on the first deal are back again.
Singapore Exchange Consults on Proposed Listing Framework for SPACs
The proposal covers broad admission criteria; conditions for founding shareholders, the management team, and controlling shareholders; and business combination requirements.
Grab’s SPAC adventure tells bigger tale of our FOMO times
Even the least sentimental of investors must be heartened by Grab’s journey from Kuala Lumpur garage to $40 billion sensation drawing global attention to Southeast Asia.
Exclusive: Origin Materials Co-CEOs Talk Investors, Carbon Footprints On ‘SPACs Attack’
The carbon-negative materials company Origin Materials is set to go public via the special purpose acquisition company Artius Acquisition Inc AACQ 1.18% in a $1.8-billion deal.
Travel Startup Inspirato in Talks to Merge With Thayer SPAC
Inspirato, a startup specializing in luxury travel, is in talks to go public through a merger with a special purpose acquisition company in a deal valued at more than $1 billion, according to people with knowledge of the matter.
SPACs: An Overview on the Latest Investment Trend
n recent years, Special Purpose Acquisition Corporations (SPACs) have become a favourite of the corporate finance and M&A industry. SPACs are publicly-traded shell companies that raise capital in an initial public offering (IPO), usually via a combination of shares and warrants.
Webinar: Key Takeaways: SPACs and How to Plug into the Opportunities They Present in Renewable Energy and Green Infrastructure
McDermott Will & Emery partners Tom Conaghan and Carl Fleming and Nicole Neeman Brady, CEO and director of the renewable energy SPAC, Sustainable Development Acquisition I Corp, discussed the rise of special purpose acquisition companies (SPACs), the opportunities they present in renewable energy and in the transition to green infrastructure and the complex legal and business challenges these vehicles present.
Former NYSE CFO: SPACs are ‘here to stay’
In 2020, 219 SPACs raised $73 billion in proceeds, Business Insider reported. That’s a 462% year-over-year jump in proceeds raised using the process, outpacing traditional IPOs, which raised $67 billion year-to-date. Companies including Virgin Galactic, AppHarvest and DraftKings have chosen the SPAC approach.
Fervor Eases as Record SPAC Deal Gets Ho-Hum Response
Southeast Asia’s answer to Uber is set to nab the record for biggest deal in the SPAC world, yet traders are holding their applause.
SPAC deals attract younger, less-funded digital health startups
The prospect of companies hitting the public markets before they’re fully prepared creates the possibility for failure, according to Rock Health.
Ex-CEO of Gas Titan Targets SPAC Investments in Clean Energy
The former head of a major U.S. shale driller is eyeing more investments in the energy transition after his first blank-check company announced a deal to create a $1.15 billion renewable natural gas business.
Robbins Geller Rudman & Dowd LLP Launches SPAC Task Force
Robbins Geller has formed a dedicated SPAC Task Force comprised of experienced securities and M&A lawyers.
Grab and Altimeter Growth Corp. Investor Presentation
The Investor Presentation for the Grab and Altimeter Growth Corp. merger is available.