You Searched For "blank check company" and got 20 results
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2 mins read
The SEC is taking aim at SPACs with proposed rules to make disclosures more like those in a traditional IPO
The watchdog's proposal calls for more disclosures around conflicts of interest between sponsors an…
Shalini Nagarajan
1 min read
Top SPAC issuer Citigroup will reportedly halt blank-check IPOs after the SEC signals tougher stance
The top SPAC underwriter of 2021 is pausing its SPAC deals amid new rules proposed by the SEC, Bloo…
Phil Rosen
2 mins read
Billionaire investor Chamath Palihapitiya files for 4 new biotech-focused SPACs that seek to raise $800 million
The latest additions build on Palihapitiya's roster of 6 special-purpose acquisition companies alre…
Shalini Nagarajan
2 mins read
Chamath Palihapitiya among SPAC sponsors asked by senators about potential conflicts of interest
The senators said industry insiders can "take advantage of ordinary investors" such as making "over…
Isabelle Lee
2 mins read
eToro postpones plans to go public via SPAC to the 4th quarter, citing regulatory delay
Trading app eToro is pushing back its plans to go public to the fourth quarter. The company first a…
Isabelle Lee
1 min read
An exchange for trading in shares of private companies is going public via $2 billion SPAC deal
Forge Global expects to raise $500 million in the offering, the Wall Street Journal reported on Mon…
Max Adams
2 mins read
Nearly 50 law firms have banded together to voice their defense of SPACs as lawsuits mount against blank-check firms
A group of law firms "view the assertion that SPACs are investment companies as without factual or …
Carla Mozée
1 min read
Bill Ackman's long-awaited SPAC deal for 10% of Universal Music reportedly faces pushback
Pushback is coming from Artisan Partners, one of Universal Music Group's big shareholders, Bloomber…
Isabelle Lee
2 mins read
The UK is easing rules around SPACs to entice more listings of the blank-check companies
Revisions to the rules include waiving the suspension of SPAC listings once firms reveal their deal…
Isabelle Lee
1 min read
Mark Cuban-backed banking app Dave to go public via SPAC merger at a $4 billion valuation
Founded in 2017, Dave said it has helped Americans avoid billions of dollars in overdraft fees char…
Isabelle Lee
1 min read
Nextdoor raises $686 million at an implied valuation of $4.3 billion and says it will go public via a SPAC
The neighbourhood-based social network plans to list on the Nasdaq exchange through a Khosla Ventur…
Anna Cooban
3 mins read
Legendary investor Jeremy Grantham made an accidental $265 million profit on a SPAC deal after previously criticizing blank-check companies
Despite his gains, Grantham views SPACs as a "reprehensible instrument, and very very speculative b…
Ben Winck
2 mins read
The SEC is tightening rules around insider trading to protect ordinary investors from the risk of improper trades by company execs
The proposal could introduce some limitations to company insiders, such as having to wait between f…
Shalini Nagarajan
2 mins read
The SEC says it's looking closely at the wild earnings projections attached to many SPAC offerings
The SEC said a company would be on "shaky ground" if it disclosed favorable projections and omitted…
Isabelle Lee
1 min read
Digital-news outfit Vice Media is eyeing a $3 billion SPAC merger - half its worth 4 years ago, report says
That would be a discount from Vice's $5.7 billion valuation four years ago when it secured a $450 m…
Shalini Nagarajan
2 mins read
SPACs will drive $300 billion in M&A activity over the next 2 years after a monstrous 2020, Goldman says
The hunt for yield, a new focus on growth stocks, and participation from retail investors are drivi…
Shalini Nagarajan
1 min read
SPAC king Chamath Palihapitiya says the Fed crushed the bubble in blank-check firms, and swears he's not responsible for the poor performance of companies he took public
"The long-term regime in which we operate has changed," the SPAC King said. "That is not in the con…
Jennifer Sor
2 mins read
Elon Musk says the SEC is sometimes too close to Wall Street hedge funds - and it's strange the regulator isn't clamping down more on some SPACs
Around $100 billion has already been raised across US SPACs so far this year, surpassing last year'…
Shalini Nagarajan
2 mins read
There were no new SPAC debuts last week for the first time since March 2020, as signs point to the end of the blank-check craze
Bespoke Investment Group said 20 names in the SPAK ETF have lost roughly 50% since mid-February, wi…
Carla Mozée
2 mins read
Churchill Capital Corp. founder Michael Klein is raising $1 billion for a new SPAC
Churchill Capital founder Michael Klein is raising money for his eighth SPAC, Altc Acquisition Corp…