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.
Despite the pullback in growth stocks and special purpose acquisition company (SPAC) holdings, that shouldn’t kill the enthusiasm for Social Capital Hedosophia Holdings (NYSE:IPOE). IPOE stock is the holding company that should eventually turn into SoFi.
The great SPAC frenzy that began in July 2020 officially ended in March 2021. Over these nine months, there were 509 SPAC IPOs that raised an aggregate $167 billion, representing $18.6 billion per month on average.
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.
A spinoff and overseas listing of its new division can help build credibility as a reliable partner.
The Investor Presentation for the Super Group and Sports Entertainment Acquisition Corp. merger is available.
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).
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.
Remote and hybrid work will be a permanent shift in the labor force. WeWork was surprisingly resilient in 2020 and managed to cut billions in excess costs.
Mapbox with headquarters in San Francisco is involved in talks with the SVF Investment Corp 3 to become public, as per Sky News’ reports.
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.
There’s nothing wrong with the idea of a SPAC, but there is a limitation to how often the technique will work. It’s the same problem that Greensill ran into with its promise of revolutionizing corporate finance.
As pandemic-challenged apartment landlords scrambled to cut costs, SmartRent CEO Lucas Haldeman’s phone lit up.
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.
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 (NYSE:GIK) advanced 17% as the shareholder vote for the company’s merger with electric vehicle company Lightning eMotors took place earlier today.
An SEC warning about SPAC accounting errors has not only chilled the red-hot market but triggered the first of what could be a flood of financial restatements by the popular blank-check companies.
SPAC Mudrick Acuisition II (NASDAQ:MUDS), which is in a deal to take Topps public, climbed 6% a day after the company began selling baseball card non-fungible tokens or NFTs through the WAX blockchain.
SPAC mania has come to a screeching halt. Just last month, special purpose acquisition companies celebrated a head-turning milestone by breaking their 2020 issuance record in just three-month’s time.
But the burger brand said its delay in filing its 10-K form is due to new reporting requirements for SPACs and that it will get its paperwork in on time.