Sports Ventures Acquisition filed with the US securities and exchange commission (SEC) on 9th October with an aim of raising US$200 million from its initial public offering.
SPACs Have Raised More in 2020 Than the Last 10 Years Combined
Blank-check companies are having a record-breaking year, raising about $41 billion so far, according to data compiled by Bloomberg.
Alec Gores strikes again with biggest SPAC merger to date
The SPAC boom just became a little bigger. Gores Holdings IV, a special-purpose acquisition company that raised $425 million at the start of the year, has agreed to combine with United Wholesale Mortgage in a reverse merger that will value the mortgage origination provider at roughly $16.1 billion, marking the largest SPAC merger on record, the company said.
Big Law Firms Scramble to Cash in on Blank-Check Bonanza
New York lawyer Douglas Ellenoff’s firm was the go-to adviser for “blank-check” initial public offerings long before the niche market exploded into the most fashionable way to go public.
Surge in ‘Blank Check’ Companies Keeps SPAC Specialists Busy
What do former Speaker of the House Paul Ryan, one-time Trump chief economic adviser Gary Cohn, and Oakland A’s executive vice president Billy Beane have in common?
DraftKings CEO sounds alarm on SPAC market: ‘Hopefully the market settles down a little bit there’
The SPAC market may be getting frothy.
Just like in entertainment, when network executives copycat a hit show format until the market is saturated, investors are flooding the market with special purpose acquisition companies, or SPACs, to scout private companies to take them public.
Feeling bullish: Why SPACs are fueling the first wave of igaming IPOs
What is it about blank-check companies that appeals to operators and what exactly is exciting investors so much? The term Special Purpose Acquisition Company (SPAC)…
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…