NuScale Power Corp., an advanced nuclear technology company, rose on its first day of trading after completing a merger with blank-check company Spring Valley Acquisition Corp.
SPAC Accounting Troubles Continue as Industry Scrutiny Mounts
The blank-check companies that were Wall Street darlings, and then regulator targets, are facing yet another round of accounting headaches.
Digital Ad Startup Minute Media Explores Going Public
Digital advertising company Minute Media is working with Goldman Sachs Group Inc. on a plan to go public as soon as this year, according to people familiar with the matter.
Koch Industries Accelerates Shift to Tech and Loads Up on SPACs
Spring Creek has also emerged as a significant player in the SPAC frenzy, investing in more than 250 special purpose acquisition companies sponsored by firms including Apollo Global Management Inc., Fortress Investment Group and TPG.
SoftBank Vision Fund Considers Listing a $300 Million European Tech SPAC
SoftBank Group Corp., the technology dealmaker founded by billionaire Masayoshi Son, is considering listing a special purpose acquisition company in Europe, people with knowledge of the matter said.
Foxconn’s Next U.S. Move Would Be an Electric-Vehicle SPAC
A spinoff and overseas listing of its new division can help build credibility as a reliable partner.
Betway Holding Firm Super Group to List on NYSE in SPAC Deal
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.
SPAC Boom Dries Up as SEC Warning Curtails Year’s Hottest Trend
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 Wipeout Is Punishing Followers of Chamath Palihapitiya
Just as Chamath Palihapitiya was the face of the SPAC frenzy that gripped financial markets at the start of the year, he is today the face of the bust.
Travel Startup Inspirato in Talks to Merge With Thayer SPAC
Inspirato, a startup specializing in luxury travel, is in talks to go public through a merger with a special purpose acquisition company in a deal valued at more than $1 billion, according to people with knowledge of the matter.
SEC to Wall Street: SPACs Aren’t a Way Around Securities Laws
The U.S. Securities and Exchange Commission has a fresh warning for the booming SPAC market: Blank-check companies aren’t an end-around to avoid disclosing key information to investors.
75% of SPAC Sponsors Not High Quality: Deutsche Bank Exec.
Ajay Shah, head of technology investment banking at Deutsche Bank AG, discusses the booming popularity of special purpose acquisition companies (SPACs).
Flying-Taxi SPAC Accused of Stealing Aircraft Technology
Wisk Aero LLC, a maker of electric-powered aircraft designed for use as flying taxis, claims its technology was stolen by Archer Aviation Inc., a rival startup valued at $3.8 billion in a blank-check deal earlier this year involving United Airlines Holdings Inc. and investment banker Ken Moelis.
SPAC Bubble Fears Lead Hong Kong, Singapore Down Cautious Path
Hong Kong and Singapore are trying to get in on the boom in blank check company listings, while safeguarding investors from what some say is a bubble about to burst.
SPACs Will Face Many Litigation Challenges: Eventbrite Co-founder
Kevin Hartz, co-founder and chairman at Eventbrite Inc, discusses the boom in the SPACs, with Bloomberg’s Emily Chang.
Carson Block Steps Up SPAC Attacks, Citing ‘Predatory’ Behavior
Short-seller Carson Block said he’s building bets against more special purpose acquisition companies and that some retail investors will fall victim to “predatory plays.”
Enjoy in Talks to Go Public Via Chicago Cubs Owner’s SPAC
Enjoy Technology Inc., a startup that has operated mobile retail stores for companies including Apple Inc., AT&T Inc., BT Group Plc and Rogers Communications Inc., is in talks to go public through a merger with Marquee Raine Acquisition Corp., according to people with knowledge of the matter.
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.
Vivid Seats Said in Talks to Go Public Via Boehly’s SPAC
Vivid Seats, a digital ticketing marketplace that competes with StubHub, is in advanced talks to go public via a merger with Horizon Acquisition Corp., a blank-check firm led by Todd Boehly, according to people with knowledge of the matter.