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.
Deutsche Boerse expects 12 SPACs in Frankfurt in 2021
German stock market operator Deutsche Boerse DB1Gn.DE expects up to 12 listings of blank-cheque firms in Frankfurt in 2021, executive Peter Fricke told German business daily Handelsblatt.
Motion Acquisition Corp. and DocGo Announce DocGo’s Record Preliminary First Quarter 2021 Results
Motion Acquisition Corp. a publicly traded special purpose acquisition company, announced today that its merger partner Ambulnz, Inc., dba DocGo, a leading provider of last-mile telehealth and integrated medical mobility services, has disclosed select preliminary unaudited financial results for its first quarter ended March 31, 2021.
Exclusive Forbes pursues SPAC talks amid new takeover interest – sources
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.