The U.S. securities regulator is considering new guidance to rein in growth projections made by listed blank-check companies, and clarify when they qualify for certain legal protections, according to three people with knowledge of the discussions.
Exclusive: U.S. regulator opens inquiry into Wall Street’s blank check IPO frenzy – sources
The U.S. securities regulator has opened an inquiry into Wall Street’s blank check acquisition frenzy and is seeking information on how underwriters are managing the risks involved, said four people with direct knowledge of the matter.
Fintech banker McLaughlin hunts bigger deal after upsized SPAC IPO
The blank check firm co-founded by one of the most prominent U.S. financial technology investment bankers will broaden its search for merger partners to companies worth up to $10 billion after pricing a larger IPO.
Former Disney executives Mayer and Staggs plan new SPAC – source
Former Walt Disney Co executives Kevin Mayer and Thomas Staggs plan to raise $300 million in an initial public offering for a new special purpose acquisition company (SPAC), a person familiar with the matter said on Thursday.
Global firms raise $546 billion in January as SPAC frenzy continues
Companies raised $546 billion from new bond and share issues in January, as a flood of central bank money-printing and recovering stock markets brought record numbers of new listings, SPAC deals and share sales, Refinitiv data showed on Wednesday.
Betsy Cohen-backed SPAC files for $750 mln IPO
A special purpose acquisition company (SPAC), backed by banking entrepreneur Betsy Cohen, said on Monday it is aiming to raise up to $750 million in its initial public offering on the Nasdaq.
The Gores Group-backed SPAC looks to raise $300 mln in IPO
A blank-check firm backed by private-equity firm The Gores Group is aiming to raise about $300 million in its initial public offering, a regulatory filing showed on Wednesday.
Tishman Speyer-backed SPAC to take smart-lock maker Latch public in $1.6 bln deal
Latch Inc said on Monday it plans to go public through a merger with blank-check company TS Innovation Acquisitions Corp, backed by U.S. property developer Tishman Speyer, in a deal that values the smart-lock maker at $1.56 billion.
Clearlake-backed Janus International to merge with SPAC
Metal windows and doors maker Janus International Group LLC, backed by private equity firm Clearlake Capital, said on Tuesday it is merging with a blank-check company Juniper Industrial Holdings Inc.
Electric commercial vehicle maker to go public in SPAC deal with $1.4 billion valuation
Electric Last Mile Solutions (ELMS) said on Friday it has agreed to go public through a reverse merger with blank-check company Forum Merger III Corp in a deal that values the U.S. electric commercial vehicle maker at $1.4 billion.
Cannabis review site Weedmaps to go public at $1.5 bln valuation
Cannabis user-review site Weedmaps’ parent will go public at a $1.5 billion valuation through a merger with a blank-check firm, the company said on Thursday, as recent enthusiasm points to high growth for U.S. marijuana businesses over the coming years.
Exclusive: Online lender SoFi explores deal to go public – sources
Online lending startup Social Finance Inc (SoFi) has held discussions with blank-check acquisition companies about a deal that would allow it to debut in the stock market, people familiar with the matter said on Monday.
Liberty Media-backed SPAC aims to raise $500 mln in U.S. IPO
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.
Breakingviews – SPACs give Wall Street another slice of the pie
nvestment banks know a fee opportunity when they see it. And this year, the big opportunity has been offerings of special purpose acquisition companies, which list shares on the public market with the intention of buying another business later.
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.
Exclusive: Supply chain software firm E2open nears deal to go public – sources
U.S. supply chain management software firm E2open LLC is nearing a deal to go public through a merger with blank-check acquisition company CC Neuberger Principal Holdings I at a valuation of more than $2.5 billion, including debt, people familiar with the matter said on Tuesday.
Clover Health to go public via $3.7 billion deal with Social Capital
U.S. insurance startup Clover Health will go public through a merger with blank-check firm Social Capital Hedosophia Holdings Corp III IPOC.N in a deal valued at $3.7 billion including debt, the company said on Tuesday.
Billionaire Charles Ergen-backed blank-check firm aims to raise $1 bln in IPO
CONX Corp, a blank-check company led by billionaire Charles Ergen, is looking to raise around $1 billion in an initial public offering, it said on Wednesday.
VW-backed battery maker QuantumScape to go public at $3.3 billion valuation
(Reuters) – QuantumScape, the 10-year-old Silicon Valley battery startup backed by Volkswagen AG (VOWG_p.DE), said on Thursday it plans to go public through a reverse merger with Kensington Capital Acquisition Corp KCAC.N with an enterprise value of $3.3 billion.
Wall Street holds the cards as Main Street chases blank-check deal frenzy
BOSTON/NEW YORK (Reuters) – Josh Black was looking for the next lucrative deal after scoring a 500% profit in a…