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Tag: Clover Health

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4 min to read
  • News
Posted on April 21, 2021April 21, 2021

SPAC transactions come to a halt amid SEC crackdown, cooling retail investor interest

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.

4 min to read
  • News
Posted on April 18, 2021April 18, 2021

Will private equity get caught up in a SPAC showdown with regulators?

The SPAC market has cooled considerably in recent weeks, with companies that went public by merging with a blank-check entity trading well off their highs, and a growing number of regulatory hurdles emerging for an investment strategy that often dominated financial news headlines in 2020.

4 min to read
  • News
Posted on April 18, 2021April 18, 2021

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.

3 min to read
  • News
Posted on March 25, 2021March 25, 2021

Exclusive: U.S. regulator opens inquiry into Wall Street’s blank check IPO frenzy – sources

The U.S. securities regulator has opened an inquiry into Wall Street’s blank check acquisition frenzy and is seeking information on how underwriters are managing the risks involved, said four people with direct knowledge of the matter.

5 min to read
  • News
Posted on March 7, 2021March 7, 2021

‘SPACs Attack’ Weekly Recap: Looking Back On 9 Deal Announcements, Rumors And Headline News

It was another busy week for the SPAC market with numerous deal announcements and rumored deals. The market brought down the valuation of many SPACs late in the week.

1 min to read
  • Video
Posted on February 24, 2021February 24, 2021

Video: The Case for Why Clover Health Stock is Headed to Zero

Clover Health should not be a public company, according to Hedgeye’s Health Policy Analyst Emily Evans. The insurance stock, which went public via SPAC and has been promoted by Chamath Palihapitiya.

7 min to read
  • News
Posted on February 16, 2021February 16, 2021

SPAC Flop Is Test Case for Disgruntled Investor Lawsuits

Shareholders try to hold blank-check company leaders accountable. Waitr Inc. never had the resources of rivals Grubhub Inc. and UberEats. Yet in November 2018 the online food ordering and delivery business went public through a merger with blank-check firm Landcadia Holdings Inc.

55 min to read
  • News
Posted on February 4, 2021February 4, 2021

Clover Health: How the “King of SPACs” Lured Retail Investors Into a Broken Business Facing an Active, Undisclosed DOJ Investigation

We reveal how Clover Health and its Wall Street celebrity promoter, Chamath Palihapitiya, misled investors about critical aspects of Clover’s business in the run-up to the company’s SPAC go-public transaction last month.

4 min to read
  • Opinions
  • Mergers
Posted on January 18, 2021February 26, 2021

Why Clover Health Chose a SPAC, Not an IPO, to Go Public

When going public is a company’s ultimate goal, the method of doing so isn’t the most important factor. Consider Clover Health Investments, which provides Medicare Advantage health plans to 57,000 members.

4 min to read
  • News
Posted on December 21, 2020December 21, 2020

What the $614M CareMax SPAC Deal Could Mean for Senior Living Providers

A transaction announced last Friday provides another sign of the increasing role of special purpose acquisition companies (SPACs) in shaping how older adults receive care and services.

2 min to read
  • News
Posted on October 7, 2020October 7, 2020

Clover Health to go public via $3.7 billion deal with Social Capital

U.S. insurance startup Clover Health will go public through a merger with blank-check firm Social Capital Hedosophia Holdings Corp III IPOC.N in a deal valued at $3.7 billion including debt, the company said on Tuesday.

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#SPACs

ev_spacsEV-SPACs 🇺🇦@ev_spacs·
1h

@SpacLLC @ReliableGuru @TheSpacShack @spac_zilla @7thDayTrading @AlexDelarge6553 @hypergrowth44 @sacbuntlover @stocksandbjj @SPACmilf @angeImaker ... @SkepticalBaba @Jyates5 @SpacWarrants @SPACspin And #SPACs suck for the past year so probably trying to save electricity / Gas

Reply on Twitter 1530160709425844224Retweet on Twitter 1530160709425844224Like on Twitter 15301607094258442246Twitter 1530160709425844224
LauraAnthonyEsqLaura Anthony, Esq.@LauraAnthonyEsq·
2h

SPACs Are Warning They May Go Bust-
https://lnkd.in/gXYvnQ6n #SPACs

Reply on Twitter 1530154766025768962Retweet on Twitter 1530154766025768962Like on Twitter 1530154766025768962Twitter 1530154766025768962
KASDadKate's Dad@KASDad·
2h

No surprise. No matter how u dice it, the ability of a company 2 go public w/o the scrutiny that is a part of an initial public offering is ... problematic. You are likely to see companies use #SPACs that couldn't stand that scrutiny. Seeing going concern warnings is 2 b expected.

Gunjan Banerji@GunjanJS

Many companies that merged w SPACs are warning they may go bust

At least 25 cos that merged between 2020 and 2021 have issued so-called going-concern warnings--that's around 10% of cos that listed

"The cash flows aren’t coming in"

https://www.wsj.com/articles/spacs-are-warning-they-may-go-bust-11653601111?mod=djemMoneyBeat_us via @eliotwb

Reply on Twitter 1530144110203502593Retweet on Twitter 15301441102035025931Like on Twitter 15301441102035025937Twitter 1530144110203502593
amarnani13Neeraj Amarnani@amarnani13·
3h

I wonder if the pseudo-IPO vehicles that are #SPACs or Special Purpose Acquisition Companies are on their way out even before the regulators can ... tighten regulation around them? Just too many heady expectations!
https://www.wsj.com/articles/spacs-are-warning-they-may-go-bust-11653601111?mod=hp_lead_pos2

Reply on Twitter 1530126389373857793Retweet on Twitter 1530126389373857793Like on Twitter 1530126389373857793Twitter 1530126389373857793
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