Blank-check companies are a new favorite pastime for current or retired pro athletes, but investors shouldn’t necessarily spring for courtside tickets
SEC issues warning on celebrity SPACs
Over the next two years, $103 billion in SPAC capital will be on the hunt for acquisition targets. The U.S. Securities and Exchange Commission on Wednesday notified investors not to invest in a special-purpose acquisition company, or SPAC, just because a celebrity is involved without naming names.
Special purpose acquisition companies grow in popularity on Wall Street during the pandemic
Raising special purpose acquisition companies is en vogue in the COVID-19 economy. From venture capitalist Chamath Palihapitiya to footballer-turned-activist Colin Kaepernick to former House Speaker Paul Ryan, it seems like everyone is taking part in this new variant of initial public offerings.
Weekly SPAC Rundown – 2/8 – 2/14
A weekly review on the latest SPACs from The SPAC Investor.
Busy day in the SPACsphere as deals, including Kaepernick, run hot
Colin Kaepernick took his activism to the wide world of SPACs. Archer, a developer of all-electric vertical take-off and landing (eVTOL) aircraft, is combining with SPAC. The Beachbody Company Group also announced its intention to become a public company.