In 2020, 219 SPACs raised $73 billion in proceeds, Business Insider reported. That’s a 462% year-over-year jump in proceeds raised using the process, outpacing traditional IPOs, which raised $67 billion year-to-date. Companies including Virgin Galactic, AppHarvest and DraftKings have chosen the SPAC approach.
Siddhi Acquisition, a blank check company formed by Siddhi Capital targeting the food and beverage industry, filed on Tuesday with the SEC to raise up to $200 million in an initial public offering.
Elliott Opportunity I, a blank check company formed by Elliott Management targeting technology, filed on Friday with the SEC to raise up to $1.0 billion in an initial public offering.
Churchill Capital Corp V, the fifth blank check company founded by dealmaker and former Citi executive Michael Klein, raised $450 million by offering 45 million units at $10.
A blank-check company backed by Formula One-owner Liberty Media Corp is looking to raise $500 million in a U.S. initial public offering, a regulatory filing showed on Thursday.
Scooter rental startup Bird Rides Inc. is working on a deal with Credit Suisse Group to go public via a special purpose acquisition company (SPAC), according to a report from Bloomberg.
One of the hottest 2020 trends in raising capital is infiltrating climate-tech investing. As of mid-September, the stock market had welcomed at least 82 initial public offerings this year by special purpose acquisition companies (SPACs) — organizations that collectively raised more than $31 billion. Last week, former NRG Energy CEO David Crane joined the frenzy.
Gary Cohn, the former economic adviser to U.S. President Donald Trump, raised $720 million on Tuesday in an initial public offering (IPO) for a new blank-check acquisition company, 20% more than originally planned, according to a person familiar with the matter.
13 new issuers joined the pipeline on Monday, with two more filing on Tuesday. This includes 10 traditional IPOs, one direct listing,…
SPACs are just getting started The “blank check” acquisition funds known as special purpose acquisition companies, or SPACs, have raised more…