Galileo Acquisition Corp.

5 min to read

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May 2, 2021May 2, 2021

‘SPACs Attack’ Recap: Looking Back At 5 SPAC Deals, Rumors And Top Headlines

The week kicked off with a large SPAC deal announced on Sunday, bringing a new global sports betting and online casino company public.

2 min to read

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November 24, 2020November 24, 2020

Elite Model Merger With Galileo Blank-Check Company Collapses

Model agency Elite Model World’s merger discussions with blank-check firm Galileo Acquisition Corp. have fallen apart without a deal being reached, according to people with knowledge of the matter.

#SPACs

Century Financial @Century_Fin·

44m

Vistas Media Capital announced $150 plus million multi-strategy fund to invest in #SPACs in MENA region.

@khaleejtimes publishes insights of Vijay ... Valecha, CIO, on growing SPACs trend & need of regulation to protect #investor’s interest.

https://bit.ly/3qcpw6K
@VijayValecha49

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ACEMAXX ANALYTICS @acemaxx·

#memestocks #Tesla and other #bubble stocks have deflated just like 2000 --- fashionable areas of clean #energy , electric #cars , #cannabis stocks ... and #SPACs have dropped sharply, chart @WSJecon https://on.wsj.com/3gHtG2i

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DataWisdomx @DataWisdomx·

Interesting- boom in #SPACs is "fueled by conflicts of interest and compensation to corporate #insiders at the expense of #retail investors, attempt ... by #sponsors and targets to end-run longstanding rules designed to promote fair and #efficientmarkets."
https://www.google.com/amp/s/www.businessinsider.com/spac-boom-sec-retail-investors-blank-check-companies-regulation-2021-3%3famp

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DataWisdomx @DataWisdomx·

Why do #retailinvestors invest in #SPACs 🤔 Only #sponsors and company management get gains, retail losses 🍩. Looking at #chamathpalihapitiya ... #king 👑 of spacs #CLOV #IPOD #IPOF #MP etc. Most are at or below issue price after brief rally. Broader #Market #commodities have gained

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