The new year is expected to be a mergers and acquisitions bonanza as deal makers attempt to put the pandemic behind them, meaning attorneys must be on top of trends like the continued use of special purpose acquisition companies and an anticipated increase in distressed M&A.
3 Questions Looming For The 2021 IPO Market
Following an explosive finish for the initial public offerings market in 2020, capital markets lawyers are expecting that momentum to carry into the new year independent of the pandemic and changes in the presidential administration.
Video: 10 Top SPAC Picks For Investors To Consider In 2021
SPACs were one of the hottest investment stories of 2020 and look to continue that momentum into 2021. Here are 10 SPACs and former SPACs that could outperform for investors in 2021.
Why These 3 SPAC IPOs Are Surging Today
Special purpose acquisition companies are promising 100% and 200% profits in mere days. Who wouldn’t want a piece of that action?
Why a former GM executive quit to start a blank-check company
Just five years after being recruited for an executive post at General Motors Co., Barry Engle in November 2019 ascended to president of the automaker’s $100 billion North American business, the company’s profit center.
Social Capital Hedosophia Holdings Corp. IV Warrants: Thinking Ahead
Social Capital Hedosophia Holdings Corp. IV (NYSE:IPOD) is the fourth of a series of SPACs that Chamath is listing. IPOD is publicly traded today, and is trading at a 10% premium to NAV.
Why These 3 SPACs Continue to Move Higher Today
These special purpose acquisition companies are merging with manufacturers that are driving the future of the automotive industry.
SPACs Sparkled In 2020, But What Lies Ahead For Them?
t might be hard in the midst of roaring markets and headlines trumpeting Dow 30,000 to remember that one of 2020’s highest high-flyers has been the special purpose acquisition corporation, or SPAC.
An Inflection Point For Silver Spike Acquisition Corp. Warrants
Silver Spike Acquisition Corp. has a liquidation deadline on February 12, 2021 and may announce a deal at any time between now and then.
The key focus will be whether the company will merge with a cannabis or non-cannabis target.
Pershing Square Holdings Very Attractive At 28.5% Discount To Understated NAV
Pershing Square Holdings is a closed-end fund trading in London and Amsterdam.
It trades at a 28.5% discount to net asset value, which is a lot in a relative and absolute sense.
The fund has exposure to sponsorship warrants in the largest SPAC in history that are likely undervalued on its book.
Key Takeaways from Capital Markets Series on SPACs: Unlocking a “Blank Check”
In a recent installment of the Capital Markets Series, I joined Jon Campagna, CFO of Virgin Galactic, and other experienced advisors and professionals from KPMG and BofA to discuss how private companies can unlock capital-raising opportunities offered by “blank check” investors, also known as SPACs.
Video: SPACs aren’t out of whack in 2020
SPACs — special purpose acquisition corporations — have come a long way from being regarded as the “skunk at the garden party” to a welcome investment vehicle.
2020 BIO Investor Forum Digital: Why biotechs have been choosing SPACs in 2020
This year has been a record year for Biotech initial public offerings (IPOs), with total deal value already up by 58% compared with all of 2019.
Breakingviews – SPACs give Wall Street another slice of the pie
nvestment banks know a fee opportunity when they see it. And this year, the big opportunity has been offerings of special purpose acquisition companies, which list shares on the public market with the intention of buying another business later.
6 Questions To Ask Before Joining A SPAC Board
Special purpose acquisition companies (SPACs) are all the rage right now (even the Oakland A’s Billy Bean launched one). SPACs need board members, and a lot of CFOs are being asked to join SPAC boards. Should you, an experienced CFO with great business insights and public company experience, join the board of a SPAC?
Social Capital Hedosophia Will Disrupt Real Estate In All The Right Ways
Opendoor’s new SPAC deal is just the next way tech disrupts traditional industries — and profits from it. This time, the target is real estate.
It’s Raining Biotech SPACs!
New SPACs are getting announced every day, including in biotech: so much so that serial entrepreneur Mike Gilman tweeted that “it’s raining SPACs” – a sentiment that captures the frenzied downpour of activity.
Navigating the SPAC Trend in the Cannabis and Hemp/CBD Market
Special Purpose Acquisition Companies (SPACS) have had increased activity in the cannabis and hemp/CBD industries over the past year.
Despite Its Huge Run-Up, Hyliion Stock is Still a Long-Term Buy
HYLN stock is a long-term winner because RNG is an immediately usable clean energy solution for trucking
Driverless Tech Is Here with the Gores Metropoulos SPAC
By now, I’m sure at least some of you are getting quite tired hearing about special purpose acquisition companies, or SPACs. Seemingly every other market debut is a SPAC, essentially a backdoor way of doing an initial public offering. Nevertheless, Gores Metropoulos (NASDAQ:GMHI) stock has attracted much attention and for good reason.