A group of 49 corporate law firms has now issued a joint statement decrying the lawsuits and trashing the plaintiffs’ arguments that SPACs are investment companies merely because the SPACs invest their IPO proceeds in trust accounts while seeking a merger partner.
Revelation Biosciences, Inc., a Life Sciences Company Developing Therapeutics and Diagnostics for Respiratory Viral Infections, Including COVID-19, to Become Publicly Traded Through a Merger with Petra Acquisition, Inc.
Revelation Biosciences, Inc., a clinical-stage life sciences company focused on the development of immunologic‑based therapies for the prevention and treatment of disease, and Petra Acquisition, Inc., today announced they have entered into a definitive merger agreement for a business combination that will result in Revelation becoming a publicly-traded company.
Mark Cuban-backed banking app Dave going public via $4 billion SPAC
Banking app Dave announced Monday that the company will make its market debut through a SPAC merger with VPC Impact Acquisition Holdings III.
Digital Ad Startup Minute Media Explores Going Public
Digital advertising company Minute Media is working with Goldman Sachs Group Inc. on a plan to go public as soon as this year, according to people familiar with the matter.
Smart-Lock Startup Latch Rides SPAC Frenzy To $1.5 Billion Valuation
Smart-lock startup Latch began trading Monday through a SPAC listing that raised $453 million and values the company at over $1.5 billion. The shares, issued through a special purpose acquisition vehicle run by Tishman Speyer Properties, rose 4% on the first day of trading.
SoFi Jumps 12% in Nasdaq Debut After Palihapitiya SPAC Merger
SoFi Technologies Inc., the student-loan operator and stocks-trading platform, jumped 12% in its Nasdaq debut after merging with investor Chamath Palihapitiya’s blank-check company earlier this year.
Turnaround veteran’s SPAC M3-Brigade Acquisition IV files for a $200 million IPO
M3-Brigade Acquisition IV, the fourth blank check company led by turnaround veteran Mohsin Meghji targeting the renewable energy space, filed on Tuesday with the SEC to raise up to $200 million.
IPO Market Faces a Critical Juncture
With inflation fears weighing on stocks, investors have shifted away from tech, IPOs and SPACs.
Navitas Semiconductor to Go Public through SPAC Merger
Navitas Semiconductor, a GaN power IC provider, is set to go public in a special purpose acquisition company (SPAC) deal valued at over $1 billion.
Redbox Looks to Go Public Again in SPAC Deal
Who says the DVD is dead? Not DVD rental giant Redbox, which believes the discs not only have life to them, but also that they’d make a good investment.
IPOE Stock: The SoFi SPAC Merger News Boosting Palihapitiya’s Social Capital Today
Chamath Palihapitiya’s Social Capital Hedosophia Holdings V (NYSE:IPOE) has been a hot stock of late. Like other celebrity SPAC IPOs, investors have piled into IPOE stock in anticipation of what could turn out to be high-quality merger targets.
Koch Industries Accelerates Shift to Tech and Loads Up on SPACs
Spring Creek has also emerged as a significant player in the SPAC frenzy, investing in more than 250 special purpose acquisition companies sponsored by firms including Apollo Global Management Inc., Fortress Investment Group and TPG.
Yellowstone Acquisition Company To Restate 2020 Financial Statements To Address the Recent SEC Pronouncement on Accounting for Warrants Issued by Special Purpose Acquisition Companies
Yellowstone Acquisition Company announced that the company will restate its 2020 financial statements as filed in its Annual Report on Form 10-K to account for recent changes in accounting for warrants issued by SPACs.
SoftBank Vision Fund Considers Listing a $300 Million European Tech SPAC
SoftBank Group Corp., the technology dealmaker founded by billionaire Masayoshi Son, is considering listing a special purpose acquisition company in Europe, people with knowledge of the matter said.
Some big U.S. hedge funds bought value stocks, SPACs during first quarter
A number of well-known U.S. hedge funds bought value stocks and blank-check acquisition companies, selling some winners from the technology-led stock rally as bond yields rose during the first quarter, filings released on Monday showed.
D2C virtual health company Hims & Hers beats its Q4 expectations
Consumer telehealth and wellness brand Hims & Hers came out on top of its projections for the first quarter of 2021, according to its financial results report released today.
Ginkgo Bioworks Goes International Days After SPAC Announcement
Ginkgo Bioworks isn’t letting any grass grow under its feet. Just a week after inking a $2.5 billion pact to go public via the special purpose acquisition company Soaring Eagle Acquisition Corp. (SRNG, Financial), the Boston-based company is expanding overseas.
SPAC rumor mill churns over autonomous truck software developer Plus
Self-driving truck software startup Plus is reportedly in talks to merge with the same investor group that brought public electric vehicle startup Canoo Inc.
Buffett Explains Why SPAC Mania Won’t Go on Forever
At the Berkshire Hathaway annual meeting this weekend, Warren Buffett (Trades, Portfolio) explained how growing competition among SPAC funds for deals would lead to the industry’s demise.
‘SPACs Attack’ Recap: Looking Back At 5 SPAC Deals, Rumors And Top Headlines
The week kicked off with a large SPAC deal announced on Sunday, bringing a new global sports betting and online casino company public.