This year has been a record year for Biotech initial public offerings (IPOs), with total deal value already up by 58% compared with all of 2019.
Lordstown Motors shares pop in volatile Nasdaq trading debut
KEY POINTS Shares of Lordstown Motors surged nearly 20% during the company’s public debut on the Nasdaq. The stock jumped as high as $21.75 before…
Used car consignment store CarLotz agrees deal to go public
CarLotz Inc said on Thursday it has agreed to go public through a merger with blank-check acquisition company Acamar Partners Acquisition Corp ACAM.O which values the U.S. consignment store for used vehicles at $827 million, including debt.
SPAC South Mountain Merger to combine with Billtrust in deal with $1.3 billion enterprise value
South Mountain Merger Corp. SMMC, +15.55%, a special purpose acquisition corporation, or SPAC, said Monday it has reached a deal to merge with Billtrust, a cloud-based payment…
SPACs Lure Payments Firms (And Others) — With Speed Bumps Ahead?
Special purpose acquisition companies (SPACs) are gaining traction in the payments space — but might there be speed bumps ahead? To that end, as reported…
App-focused SPAC dMY Technology Group III files for a $250 million IPO
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.
It’s Raining Biotech SPACs!
New SPACs are getting announced every day, including in biotech: so much so that serial entrepreneur Mike Gilman tweeted that “it’s raining SPACs” – a sentiment that captures the frenzied downpour of activity.
Real estate technology SPAC PropTech Investment II files for a $175 million IPO
PropTech Investment II, the second blank check company led by partners at Hennessy Capital targeting a real estate technology business, filed on Wednesday with the SEC to raise up to $175 million in an initial public offering.
Despite Its Huge Run-Up, Hyliion Stock is Still a Long-Term Buy
HYLN stock is a long-term winner because RNG is an immediately usable clean energy solution for trucking
Driverless Tech Is Here with the Gores Metropoulos SPAC
By now, I’m sure at least some of you are getting quite tired hearing about special purpose acquisition companies, or SPACs. Seemingly every other market debut is a SPAC, essentially a backdoor way of doing an initial public offering. Nevertheless, Gores Metropoulos (NASDAQ:GMHI) stock has attracted much attention and for good reason.
SPAC Company Tekkorp To Focus On Digital Gaming Mergers
Tekkorp Digital Acquisition Co., a new SPAC, with its focus on digital gaming and related companies and a roster of seasoned gambling managers, has applied for registration with the United States Securities and Exchange Commission.
Roman DBDR Tech Acquisition Corp. Files $275 Million SPAC IPO
Roman DBDR Tech Acquisition Corp. is a newly organized blank-check company who filed for a $275 million SPAC initial public offering. The Burlingame, CA based company is offering 27,500,000 units at $10. Each unit has an offering price of $10.00 and consists of one share of our Class A common stock and one-half of one redeemable warrant.
Alpha Healthcare Acquisition Corp. Announces Pricing of $100,000,000 Initial Public Offering
Alpha Healthcare Acquisition Corp. (the “Company”) announced today that it priced its initial public offering of 10,000,000 units at $10.00 per unit. The units will be listed on the Nasdaq Capital Market (“Nasdaq”) and will begin trading tomorrow, Friday, September 18, 2020
Sustainable tech SPAC Qell Acquisition files for a $300 million IPO
Qell Acquisition, a blank check company formed by PIMCO and industry veterans targeting a sustainable tech business, filed on Friday with the SEC to raise up to $300 million in an initial public offering.
Altimeter Capital’s tech SPAC Altimeter Growth Corp. files for a $450 million IPO
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.
Diginex Raises $20M Ahead of SPAC Listing on Nasdaq
Diginex, the Hong Kong-based company behind the newly launched EQUOS.io crypto exchange, has raised $20 million ahead of an anticipated Nasdaq listing later this month.
Life sciences SPAC HighCape Capital Acquisition prices $100 million IPO at $10
HighCape Capital Acquisition, a blank check company formed by HighCape Capital targeting the life sciences industry, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. The company originally planned to offer half-warrants.
Media SPAC Falcon Capital Acquisition files for a $300 million IPO
Falcon Capital Acquisition, a blank check company formed by Ariliam Group and Eagle Equity Partners targeting a media business, filed on Thursday with the SEC to raise up to $300 million in an initial public offering.
Casdin goes all-in on the SPAC game with $385M offering
Two of biotech’s biggest trends — the rise of SPACs and the Scrooge McDuck piles of cash suddenly available to a life sciences company on New York trading floors — converged late Wednesday in one of the largest life sciences SPAC offerings yet: $385 million.
Electric Vehicle Lovers Can’t Afford to Ignore DiamondPeak Stock
The idea of investing in a shell company might not sound particularly enticing. Maybe that’s why so many traders have not seriously looked into DiamondPeak (NASDAQ:DPHC) as a business with growth potential. Yet, traders should investigate DiamondPeak stock as there is a backstory here that’s compelling.