Business news and information publisher Forbes Media LLC is in talks to go public through a merger with a special purpose acquisition company (SPAC) as it attracts new acquisition interest, people familiar with the matter said on Thursday.
Kennedy introduces SPAC Act to increase transparency surrounding blank-check companies
Sen. John Kennedy (R-La.) today introduced the Sponsor Promote and Compensation (SPAC) Act, which would provide greater transparency for investors involved with Special Purpose Acquisition Companies (SPACs), also known as blank-check companies.
Apple Retail Pioneer Ron Johnson Lands SPAC Deal For Enjoy Technology: What Investors Should Know
A leading telecommunications retail partner for large companies is going public with plans to bring the experience to customer’s homes.
QuantumScape Announces Response to SEC Guidance Applicable to Warrants Issued by Special Purpose Acquisition Companies (“SPACs”)
QuantumScape is announcing that as a result of recent guidance provided by the SEC on April 12, 2021 regarding the accounting and reporting of warrants issued by SPACs, it will restate its consolidated financial statements as of and for the year ended December 31, 2020 to change the accounting treatment of its public and private placement warrants.
D&O underwriters approaching SPACs cautiously
The explosive growth in special purpose acquisition companies, or SPACs, presents opportunities for the directors and officers liability insurance market, but insurers are approaching the issue cautiously.
U.S. Bank Offers Custom, Turn-Key SPAC Solutions
U.S. Bank is rolling out new solutions for special purpose acquisition companies (SPACs), including segregated trust accounts for SPAC proceeds, statements and secure reporting of activity, and more, according to a press release.
DoubleLine Publishes Paper: “SPAC Impact on Leveraged Finance Markets”
In a new research paper, Robert Cohen, CFA, Director of the Global Developed Credit team at DoubleLine Capital LP, studies the impact of special purpose acquisition companies (SPACs) on target companies and their debt before and after the targets’ merger into SPACs.
Exclusive: U.S. watchdog mulls guidance to curb SPAC projections, liability shield – sources
The U.S. securities regulator is considering new guidance to rein in growth projections made by listed blank-check companies, and clarify when they qualify for certain legal protections, according to three people with knowledge of the discussions.
Shapeways nears deal to go public through Galileo SPAC merger – sources
3D-printing technology provider Shapeways Inc is nearing a deal to go public through a merger with blank-check acquisition firm Galileo Acquisition Corp at a valuation of $410 million, including debt, according to people familiar with the matter.
Exclusive: Lottery.com CEO Says Company Plans To Be A ‘Global Marketplace For All Types Of Games Of Chance’
AutoLotto, Inc (Lottery.com) is set to go public via special purpose acquisition company (SPAC) with Trident Acquisitions Corp TDAC 9.2%. The two companies entered into a definitive agreement for a merger on Feb. 22.
Vintage Wine Estates going public via SPAC
Vintage Wine Estates (“VWE”) president Terry Wheatley — who is poised to become the first female president of a multi-hundred million dollar wine producer in American history to take a company public — discusses the state of the wine industry.
Company tied to football Hall of Fame embraced SPACs and NFT. A tale of two bubbles?
A company with ties to the Pro Football Hall of Fame in Canton, Ohio, benefited from not only one apparent investment bubble, but from two. Now the air is leaking fast.
SPAC Churchill Capital IV gains on speculation of Lucid Motors collaboration with Apple
SPAC Churchill Capital IV (NYSE:CCIV), which is in a deal to take Lucid Motors public, rose 4.9% on speculation of potential partnership to make EV cars with Apple (NASDAQ:AAPL).
Betway Holding Firm Super Group to List on NYSE in SPAC Deal
Super Group is to combine with Sports Entertainment Acquisition Corp. to create a New York Stock Exchange-listed global gaming company, according to a statement.
SPAC takes Mapbox public through a $2 billion deal
Mapbox with headquarters in San Francisco is involved in talks with the SVF Investment Corp 3 to become public, as per Sky News’ reports.
SPACs Attack Recap: SPAC Activity Slows Down With 3 Deals And No Offerings
It was a slow week for the SPAC market, with three deal announcements and only a couple rumored deals. There also were no new SPAC offerings during the week — unusual for a market segment that has been so hot over the last year. Benzinga’s “SPACs Attack” covered the deals and news of the week.
What SmartRent’s $2.2B SPAC means for multifamily
As pandemic-challenged apartment landlords scrambled to cut costs, SmartRent CEO Lucas Haldeman’s phone lit up.
Blackstone posts highest profit yet, powered by growth-equity and SPAC deals
Since Blackstone launched in 1985 with $400,000 in seed money, the asset manager has expanded from traditional buyouts to the credit markets, real estate and more.
Public Benefit Corporations and the SPAC Surge
In Mintz’s recent article—“Public Benefit Corporations are Going Public,”—we predicted that, as Special Purpose Acquisition Companies (“SPACs”) reemerge as an alternative to initial public offerings (“IPOs”), Public Benefit Corporations (“PBCs”) would start going public through the SPAC process.
SPAC GigCapital3 gains as holder vote for Lightning eMotors was earlier today
SPAC GigCapital3 (NYSE:GIK) advanced 17% as the shareholder vote for the company’s merger with electric vehicle company Lightning eMotors took place earlier today.