A federal criminal investigation into former President Donald Trump’s media company Trump Media has expanded to include potential money laundering violations linked to an $8 million loan with Russian ties, the Guardian reported Wednesday, potentially further threatening the ex-president’s media company and its planned merger with special purpose acquisition company Digital World Acquisition Corp (DWAC).
SoFi Jumps 12% in Nasdaq Debut After Palihapitiya SPAC Merger
SoFi Technologies Inc., the student-loan operator and stocks-trading platform, jumped 12% in its Nasdaq debut after merging with investor Chamath Palihapitiya’s blank-check company earlier this year.
IPO Market Faces a Critical Juncture
With inflation fears weighing on stocks, investors have shifted away from tech, IPOs and SPACs.
SPAC Boom Hits $1.3 Billion For Q1
Global mergers and acquisitions (M&A) have seen their strongest developments in four decades in the first quarter of this year as special purpose acquisition companies (SPACs) keep doing well, the Financial Times (FT) reported.
Endeavor Aims to Capitalize on Frothy Equities Markets With IPO or SPAC Deal
Endeavor, the parent company of WME, dropped its bid to go public in September 2019. At the time, the company said it would continue to assess market conditions as it looked for a better opportunity. That time has come, according to Wall Street watchers.
SPACs: Are You Really Ready To Commit?
SPAC transactions are on a meteoric rise. In 2020, there were approximately 250 SPACs that, combined, raised $76 billion and made up almost half of all Initial Public Offerings (IPOs) for the year.
Deutsche Bank Rides SPAC Boom to Make League Table Comeback
The craze for blank-check listings is helping Deutsche Bank AG make a comeback in the IPO world.
Southeast Asia’s Grab Mulls Public Filing In US Via SPAC
Southeast Asian delivery startup Grab Holdings Inc. is considering a public filing in the U.S. through a merger with a special purpose acquisition company (SPAC), Bloomberg reported on Wednesday (March 10) citing sources.
Baby Monitor Maker Owlet to Go Public Via Sandbridge SPAC
Baby monitor maker Owlet Baby Care Inc. is going public through a reverse merger with a blank-check company backed by private equity firm Sandbridge Capital, according to people with knowledge of the matter.
SPACs 101 FAQ: A Primer on Today’s Hottest Exit Strategy
SPACs, shorthand for special purpose acquisition companies, have become this year’s most popular alternative option for private companies to access the public capital markets and become publicly traded.