A company with ties to the Pro Football Hall of Fame in Canton, Ohio, benefited from not only one apparent investment bubble, but from two. Now the air is leaking fast.
SPACs were one of the hottest investment stories of 2020 and look to continue that momentum into 2021. Here are 10 SPACs and former SPACs that could outperform for investors in 2021.
Electric vehicle maker Fisker Inc announced Thursday it has completed a reverse merger with the blank check company Spartan Energy Acquisition Corp SPAQ 0.11%.
Fisker will make its public debut on Wednesday in a so-called SPAC reverse merger with Spartan Energy Acquisition that will net it more than $1 billion in cash
EV charging company ChargePoint is “nearing a deal to go public through a reverse merger” that could value the company at more than $2 billion.
Spartan Energy Acquisition (NYSE:SPAQ) stock came to prominence only a few weeks ago. Prior to the Fisker deal, it wasn’t much talked about outside of niche circles.
If you want to place a bet on who comes out on top in the next Disney (DIS) cartoon, bet on plucky little upstarts. The smaller, weaker outcasts defy the odds and win the day pretty much every day. That’s how it works in the movies. It’s not how it works in the world generally or in special purpose acquisition companies (SPACs). As I wrote in SPAC Size Matters, the best opportunities are in the biggest SPACs.
Even amid plagues, summer is the time for road trips. (Maybe especially amid plagues, when travel restrictions make a terrestrial trip more workable than flying.) But as we head into Labor Day and take a look back at the season, we’ve noticed a distinct lack of road shows.
Reinvent Technology Partners, a new special purpose acquisition company formed by famed investor and serial entrepreneur Reid Hoffman, Zynga founder Mark Pincus and veteran hedge fund manager Michael Thompson, filed Monday for a $600 million initial public offering.