A Special Purpose Acquisition Company (SPAC) is a type of publicly traded investment vehicle that is created specifically to acquire or merge with another company. SPACs are also sometimes called “blank check companies” because they are set up with the sole purpose of raising capital through an initial public offering (IPO) to later identify and merge with an existing private company.
Carson Block Steps Up SPAC Attacks, Citing ‘Predatory’ Behavior
Short-seller Carson Block said he’s building bets against more special purpose acquisition companies and that some retail investors will fall victim to “predatory plays.”
Short Sellers Boost Bets Against SPACs
SPAC boom skeptics are betting against deals including Social Finance, Lucid and Lordstown Motors. Short sellers are coming for SPACs.
‘SPACs Attack’ Weekly Recap: Looking Back On 5 Deals, Rumors And Headline News
It was another busy week for the SPAC market with numerous deal announcements and rumored deals. Benzinga’s “SPACs Attack” covered the deals and news of the week.
PIC Stock: Pivotal Shares Soar Ahead of XL Fleet SPAC Merger Vote
The shares of Pivotal Investment (NYSE:PIC) were up more than 21% after the opening bell ahead of a shareholder vote on the SPAC merger of the company with XL Fleet. So what do you need to know about PIC stock here?
Top SPAC Merger News This Week: Canoo, XL Fleet, Microvast and 10 More Hot SPACs
Did you miss the SPAC merger news this week? Here are the top 13 stories you need to know.