Banking app Dave announced Monday that the company will make its market debut through a SPAC merger with VPC Impact Acquisition Holdings III.
Will private equity get caught up in a SPAC showdown with regulators?
The SPAC market has cooled considerably in recent weeks, with companies that went public by merging with a blank-check entity trading well off their highs, and a growing number of regulatory hurdles emerging for an investment strategy that often dominated financial news headlines in 2020.
‘Frustrated’ Limited Partners Are Questioning PE-Sponsored SPACs
Private equity firms that sponsor blank-check companies raise the potential for conflicts of interest with their own funds, according to PitchBook.
SPAC Litigation Alert: Kwame Amo v. MultiPlan
On March 25, 2021, a shareholder of MultiPlan Corp. f/k/a Churchill Capital Corp III (“New Company”) filed a class action complaint alleging various breach of fiduciary duty claims stemming from a special purpose acquisition company, or “SPAC,” business combination transaction against the New Company, its board of directors (“Board”), and other related parties.
For companies courted by SPACs, the deal doesn’t always go to the highest bidder
As the blank-check boom rages on, growth-stage companies are increasingly bombarded by SPAC sponsors vying to take them public.
Bitcoin mining company Cipher to go public via $2 billion SPAC merger with Good Works
Newly formed bitcoin mining operation Cipher Mining Technologies announced it will go public in a merger with blank-check company Good Works Acquisition. The deal values the combined entity at $2 billion.
Lucid Motors finally confirms SPAC deal, and the stock is plunging
After weeks of spiking share prices for a blank-check company rumored to be targeting the acquisition of electric-vehicle company Lucid Motors, the two parties officially announced a deal Monday afternoon, and the stock sank sharply.
Archer lands $1.1B order from United Airlines and a SPAC deal
Archer Aviation, the electric aircraft startup targeting the urban air mobility market, has landed United Airlines as a customer and an investor in its bid to become a publicly traded company via a merger with a special purpose acquisition company.
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.
Video: MB Microtalk: PIPE Transactions In Connection With SPAC Business Combinations
In this MB Microtalk, we discuss private investment in public equity (PIPE) transactions consummated by special purpose acquisition companies (SPACs).
Key Takeaways from Capital Markets Series on SPACs: Unlocking a “Blank Check”
In a recent installment of the Capital Markets Series, I joined Jon Campagna, CFO of Virgin Galactic, and other experienced advisors and professionals from KPMG and BofA to discuss how private companies can unlock capital-raising opportunities offered by “blank check” investors, also known as SPACs.
Law firms could make hundreds of millions of dollars on the SPAC boom, as elite firms elbow in on a growing market
SPACs used to be a small segment of the market, but elite law firms have flocked to the sector in…
9th Annual Gateway Conference to Feature SPAC Webinar on Thursday, September 10th, 2020 at 2:30 p.m. ET
Webinar Will Bring Together Experienced Leaders in the SPAC Asset Class to Discuss Current Market Trends NEWPORT BEACH, Calif., Sept.…