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.
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 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.
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 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.
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.
Former Hulu CEO Randy Freer is the latest media executive to join the growing crowd those getting into the investment game via a SPAC, or Special Purpose Acquisition Company.
These are strange days for the stock market. You can take a company public without actually having a business, customers, or revenue. And if you’re Woody Benson, you can do it from the master bathroom of your home in Bonita Bay, Fla., showing slides over Zoom to prospective investors.
Former Walt Disney Co executives Kevin Mayer and Thomas Staggs plan to raise $300 million in an initial public offering for a new special purpose acquisition company (SPAC), a person familiar with the matter said on Thursday.
VIDA FLaSH Acquisitions, a blank check company targeting the US healthcare industry, filed on Thursday with the SEC to raise up to $175 million in an initial public offering.
Artificial intelligence-powered autonomous vehicle sensor startup AEye Inc. today announced that it plans to go public via a special-purpose acquisition company.
BlackSky Holdings Inc., a satellite imagery and data company, is going public through a reverse merger with blank-check company Osprey Technology Acquisition Corp., according to people with knowledge of the matter.
Electric vehicle startup Lucid Motors may be nearing a Michael Klein-run SPAC agreement to take the California based company public, according to Reuters. The potential development sent shares of blank-check company Churchill Capital IV (CCIV) up more than 30% on Tuesday afternoon.
Some of the world’s largest asset managers from Blackstone to BlackRock have signaled an appetite to invest in socially responsible companies—and special-purpose acquisition companies are all too happy to serve them.
RedBall’s effort to take the Red Sox public may have fallen through, but it managed to get into business with one of the team’s owners anyway. Hedge fund billionaire Seth Klarman has taken an 8.6% stake in the SPAC, according to a regulatory filing today.
Scott Rechler has a SPAC. Rob Speyer has two. And now, Silverstein Properties’ Tal Kerret is joining the craze. In a regulatory filing Tuesday, SilverSPAC Inc. said it intends to raise $250 million for a blank-check firm that aims to take a proptech firm public.
Shareholders try to hold blank-check company leaders accountable. Waitr Inc. never had the resources of rivals Grubhub Inc. and UberEats. Yet in November 2018 the online food ordering and delivery business went public through a merger with blank-check firm Landcadia Holdings Inc.
A group of all-star disruptors who pioneered digital stock trading, on-line retail, community-building for far-flung workers, and software M&A in Silicon Valley are now embarking on another kind of disruption, launching a special purpose acquisition company (SPAC) with plans to take a startup public.
ReNew is in talks to merge with RMG Acquisition II, owned by Nasdaq-listed Riverside Capital Management.
Baby monitor maker Owlet Baby Care Inc. is going public through a reverse merger with a blank-check company backed by private equity firm Sandbridge Capital, according to people with knowledge of the matter.