Spartan Energy Acquisition (NYSE:SPAQ) stock came to prominence only a few weeks ago. Prior to the Fisker deal, it wasn’t much talked about outside of niche circles.
5 things you need to know about…SPACS
SPACs (special purpose acquisition or “blank cheque” companies) have recently regained prominence in the US, with H1 2020 seeing record-breaking levels of activity, both in terms of value (Bill Ackman’s $4bn Pershing Square Tontine is the largest SPAC IPO to date, eclipsing previous records) and volume (SPACs accounted for around 30% of all US IPOs in H1 2020). One of the reasons for the revived interest is that experienced founder teams can benefit from a dislocated market to find good opportunities that yield attractive returns.
It Pays To Be A (SPAC) Winner
If you want to place a bet on who comes out on top in the next Disney (DIS) cartoon, bet on plucky little upstarts. The smaller, weaker outcasts defy the odds and win the day pretty much every day. That’s how it works in the movies. It’s not how it works in the world generally or in special purpose acquisition companies (SPACs). As I wrote in SPAC Size Matters, the best opportunities are in the biggest SPACs.
Hims & Hers – Featured At Target, Goes Where Few Brands Have Dared
Yesterday, as my wife and I were doing a biweekly Target-run, I was attracted to an end-cap display, looking very much like a new Target private label brand. Its simplicity, and elegantly designed packaging, great presentation, along with the slightly cheeky name Hims & Hers looked very on-brand for Target. Make no mistake, it is not theirs.
The Rise Of SPACs
One of the very interesting topics Directors are hearing about is a liquidity structure called a SPAC (Special Purpose Acquisition Company). As Directors get invited to join Boards of SPACs or do their diligence if a SPAC is right for their private company, I share some information I think will be helpful.
DealBook: The Urge to Reverse Merge
SPACs are just getting started The “blank check” acquisition funds known as special purpose acquisition companies, or SPACs, have raised more than $30 billion so far this…
Making Sense Of The Innovations in Investment Banking On Wall Street
SPACs, Direct Listings, Dutch Auctions, Crowdfunding, Private Stock Trading Platforms I bet you have recently read a lot about Special Purpose Acquisition Companies (SPACs). They…
SPAC IPOs A Sign Of Impending M&A Opportunities
The last time I wrote about special purpose acquisition companies (SPACs) in July 2018, I noted that SPACs had been growing in popularity, raising more money in 2017…
SPAC (“Blank Check Company”) Investing Guide
Special purpose acquisition companies (SPACs) – also called “blank check companies” – have surged in popularity this year. That’s because they are formed solely for…
Wall Street Gets Experimental with IPOs — SPACs Are Gaining Popularity
This year Wall Street has become inundated with ‘special purpose acquisition companies’. More commonly known as ‘SPACs’. SPACs account for one in every five dollars…
A SPAC IPO Renaissance and the De-SPAC Communications Necessities
SPACs – Special Purpose Acquisition Companies – have risen to prominence over the last few years. Another way to look at a SPAC IPO might…