On “SPACs Attack,” the latest SPAC mergers, rumors and headline news is broken down Monday through Friday.
Bill Ackman’s flagship hedge fund ended the first quarter with a gain of 7.2 percent, after adding 0.60percent during March.
Deals worth $1.3tn were struck in the first quarter of 2021 in a year-to-date record driven by a number of mega deals and the surge in SPACs.
Vice.com’s parent company, Vice Media, is in “advanced talks” to merge with ex-Morgan Stanley exec Jack Leeney’s SPAC. 7GC & Co. Holdings, according to a report from The Information.
Latch is an enterprise SaaS provider to buildings and residents with the aim of making spaces better places to live, work and visit.
In recent years, we have seen significant market developments and innovation in our capital markets, with a variety of structures being utilized to raise capital and facilitate taking private companies public.
Ocelot Acquisition I, a blank check company backed by Ocelot Capital focused on e-commerce, transportation, and logistics, lowered the proposed deal size for its upcoming IPO on Wednesday.
Global mergers and acquisitions (M&A) have seen their strongest developments in four decades in the first quarter of this year as special purpose acquisition companies (SPACs) keep doing well, the Financial Times (FT) reported.
The shell companies that many private firms use to go public on the country’s stock exchanges have been all the rage on Wall Street for more than a year.
The flexible office giant WeWork is the latest real estate company to use a special purpose acquisition company to go public. The wave of real estate companies turning to SPACs is growing, such as with Cushman & Wakefield, RXR Realty, Simon Property Group, Tishman Speyer, Opendoor, and Matterport, among others.
Lilium positioned to be the global leader in regional electric air mobility, with the development of its electric vertical take-off and landing jet, has entered into a definitive business combination agreement with Qell Acquisition Corp.
London-based online payments company Paysafe is set to begin trading on U.S. public markets after merging with blank-check company Foley Trasimene Acquisition II Corp, billionaire business and sports executive Bill Foley told CNBC Monday.
SomaLogic Inc. is beginning a merger with a special purpose acquisition company that would add up to $651 million in new funding to the company’s books, and make it Colorado’s latest unicorn.
Universal Entertainment Group is looking to bring its Okada Manila gaming business to a US equity exchange via merger with a special purpose acquisition company (SPAC). Not surprisingly, demand for that deal is strong among blank-check firms.
Cazoo, the UK used-car sales portal that has been on a major fundraising tear in the last year, will be next company to pursue more growth by way of a SPAC: the company today announced that it will list on the NYSE by way of a business combination with AJAX I, a special purpose acquisition vehicle founded by hedge fund supremo Dan Och in partnership with Glenn Fuhrman and others.
Equinox — the high-end gym chain, which also owns SoulCycle — could follow so many others and go public through a SPAC.
The ongoing surge in blank check acquisition transactions has invited heightened scrutiny from the Securities and Exchange Commission (SEC), which recently asked several underwriters to disclose information related to their recent SPAC dealings.
Two digital media publishers are in talks to merge and explore going public via SPAC in a consolidation move in a fragmented market.
BUSINESS WIRE)–WeWork, the leading flexible space provider, and BowX Acquisition Corp. to merge.
Endeavor, the parent company of WME, dropped its bid to go public in September 2019. At the time, the company said it would continue to assess market conditions as it looked for a better opportunity. That time has come, according to Wall Street watchers.