New Jersey-based company AeroFarms is set to go public in a $1.2 billion Spring Valley SPAC deal. AeroFarms was established in 2004.
Billionaire Bill Foley Is SPAC Market’s Overlooked Star
Fast-trading, social-media-obsessed investors have driven the special-purpose acquisition company craze. One of the biggest SPAC creators is a staid insurance executive who wants nothing to do with them.
Singapore Joins Asia’s SPAC Race But Investors Flock To US
Asian exchanges are keen to get in on the boom in “blank-check” company initial public offerings, or SPACs, that has swept the U.S. But the region may not generate the same kind of frenzy.
Wall Street’s $100 Billion SPAC Boom Upends the League Tables
The blank-check listings craze is shifting fortunes on Wall Street, knocking some of the world’s biggest banks off their perches and bringing unexpected bragging rights for others unaccustomed to competing for league table glory.
Equinox Group Draws SPAC Interest After $350 Million 2020 Loss
Equinox Group is fielding interest from blank-check firms that would take the company public after it lost around $350 million last year amid the pandemic, according to people with knowledge of the matter.
Interest in SPACs—Special Purpose Acquisition Companies—is booming…and so is the risk of litigation.
Following these ten steps will prepare SPAC boards, sponsors, and advisors for the likely shareholder suits and potential regulatory investigations that are increasingly becoming part of the SPAC landscape.
The ‘March SPACness’ Final Four Is Set: Are These The Best Former SPACs
On “SPACs Attack,” the latest SPAC mergers, rumors and headline news is broken down Monday through Friday.
A Bet On Rising Rates Drives Ackman’s First Quarter Gains
Bill Ackman’s flagship hedge fund ended the first quarter with a gain of 7.2 percent, after adding 0.60percent during March.
SPACs and Covid spark M&A frenzy not seen since the dotcom boom
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 Media is in ‘advanced talks’ to merge with ex-Morgan Stanley exec Jack Leeney’s SPAC, report says
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.
Exclusive: Latch CEO Talks SPAC Deal, Growth Prospects And More
Latch is an enterprise SaaS provider to buildings and residents with the aim of making spaces better places to live, work and visit.
SEC Statement: Financial Reporting and Auditing Considerations of Companies Merging with SPACs
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.
E-commerce and logistics SPAC Ocelot Acquisition I lowers deal size by 20% ahead of $200 million IPO
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.
SPAC Boom Hits $1.3 Billion For Q1
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.
Wall Street frenzy over shell companies draws attention of SEC
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.
SPAC spree presents opportunities for insurance industry
Special purpose acquisition companies (SPACs), otherwise known as blank-check firms, have been making waves in the insurance industry lately.
SPACs IPO Explained
Now, you may have never heard of this type of investment vehicle, but they are making an impact on the finance sector of the cannabis industry.
SPAC Litigation Alert: Kwame Amo v. MultiPlan
On March 25, 2021, a shareholder of MultiPlan Corp. f/k/a Churchill Capital Corp III (“New Company”) filed a class action complaint alleging various breach of fiduciary duty claims stemming from a special purpose acquisition company, or “SPAC,” business combination transaction against the New Company, its board of directors (“Board”), and other related parties.
Real Estate’s SPAC Wave Continues
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 announces intention to list on Nasdaq through a merger with Qell Acquisition Corp., and reveals development of its 7-Seater electric vertical take-off and landing jet
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.