U.S. Bank is rolling out new solutions for special purpose acquisition companies (SPACs), including segregated trust accounts for SPAC proceeds, statements and secure reporting of activity, and more, according to a press release.
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.
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.
WeWork Could Merge With SPAC — Or Land Private Investment
In a year in which over 80 new special purpose acquisition companies (SPACs) have made their debut, WeWork is in discussions to merge with a blank-check company, noted The Wall Street Journal, citing unnamed sources.
Goldman CEO Says SPAC Explosion ‘Unsustainable’
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.
SPACs Sparkled In 2020, But What Lies Ahead For Them?
t might be hard in the midst of roaring markets and headlines trumpeting Dow 30,000 to remember that one of 2020’s highest high-flyers has been the special purpose acquisition corporation, or SPAC.
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?…
Why Airbnb Is Saying ‘Thanks, But No Thanks’ To Bill Ackman’s SPAC
Short-term rental giant Airbnb has said “thanks, but no thanks” — at least for now — to a proposal to go public by merging with billionaire Bill Ackman’s special purpose acquisition company (SPAC).
Bancorp Founder To Go Public With New SPAC
Betsy Cohen, who founded and formerly operated The Bancorp, is planning to take a $750 million shell company public this…