Investment banks across the globe earned record fees during the first quarter of 2021 as companies rushed to raise money from bonds and buoyant equity markets, according to Refinitiv.
New Jersey-based company AeroFarms is set to go public in a $1.2 billion Spring Valley SPAC deal. AeroFarms was established in 2004.
Falcon Capital Acquisition II, a blank check company formed by Ariliam Group targeting a media business, filed on Wednesday with the SEC to raise up to $400 million in an initial public offering.
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.
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.
VIDA FLaSH Acquisitions, a blank check company targeting the US healthcare industry, filed on Thursday with the SEC to raise up to $175 million in an initial public offering.
Goldman Sachs CEO David Solomon said he doesn’t think the current special purpose acquisition company (SPAC) boom is sustainable, the Financial Times (FT) reported.
SoftBank Group Corp. plans to file Monday to raise at least $500 million through a blank-check company, a person familiar with the situation said, tapping investor enthusiasm for the controversial listing vehicles.
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.
Blank-check companies looking for deals could lead to $300 billion in mergers and acquisitions over the next two years, according to Goldman Sachs Group Inc.
The allure of blank check companies is spreading beyond the U.S., with a host of European business tycoons now plotting deals. Listing a so-called special purpose acquisition company, or SPAC, has been the go-to method for wealthy Americans to raise money for takeovers this year.
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.
Ten months into 2020, a record $61 billion has been raised in initial public offerings by blank-check firms—but investors may be more discerning from here on.
Ajax I, a blank check company formed by Och-Ziff’s Daniel Och and MSD Capital’s Glenn Fuhrman, raised $750 million by offering 75 million units at $10, as expected. Each unit consists of one share of common stock and one-quarter of a warrant, exercisable at $11.50.
Churchill Capital Corp V CCV_u.N, a special purpose acquisition company (SPAC) backed by former Citigroup banker Michael Klein, upsized its initial public offering to $400 million on Thursday.
dMY Technology Group III, the third blank check company formed by Niccolo de Masi and Harry You targeting an app business, filed on Friday with the SEC to raise up to $250 million in an initial public offering.
Japanese investment conglomerate SoftBank is getting in on the special purpose acquisition company, or SPAC, bandwagon, Axios reported Monday.
Blank-check companies are having a record-breaking year, raising about $41 billion so far, according to data compiled by Bloomberg.
Altimeter Growth Corp., a blank check company formed by Altimeter Capital targeting the tech sector, filed on Friday with the SEC to raise up to $450 million in an initial public offering.
Skillz is going public this fall on the New York Stock Exchange through a special public acquisition company (SPAC). This has become a popular way for fast-moving companies to go public without all the hassle of a traditional IPO. SPACs are set up by managers who raise money in a blind shell company, and the investors don’t know what they’re putting their money into.