You Searched For "blank check company" and got 20 results
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3 mins read
The London Stock Exchange is exploring how to lure SPACs to the UK, a report says
More than $48 billion was raised from blank check companies in the US since the start of the year c…
Saloni Sardana
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
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
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 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
2 mins read
Colin Kaepernick is getting in on the SPAC game - and is hunting for a $1 billion firm with a social purpose
The quarterback and campaigner Colin Kaepernick's SPAC will have a diverse board, including former …
Harry Robertson
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
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
1 min read
Investment banker Ken Moelis is aiming to raise $1.2 billion from three new SPACs
Investment heavyweight Ken Moelis is planning to raise $1.2 billion from three new SPACs that are b…
Carla Mozée
2 mins read
Warren Buffett's great-nephew joins the SPAC boom by listing a $150 million blank-check company
Alex Buffett Rozek, co-CEO and co-chairman of Boston Omaha Corporation, took Yellowstone Acquisitio…
Theron Mohamed
2 mins read
Hedge funds exit SPACs as the honeymoon with blank-check companies ends
Hedge funds like Blackstone, BlueCrest, and Citadel have dumped their shares in Michael Klein's SPA…
Dan DeFrancesco,Jordan Parker…
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
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
2 mins read
SPAC craze is driven by a frenzy of speculation and may not yield expected returns, legendary short-seller Jim Chanos says
Chanos criticized companies for putting aside metrics such as revenue and earnings, and focusing in…
Shalini Nagarajan
2 mins read
Bill Ackman's blank-check company pops 9% in its trading debut
"What's new in our structure is it's the first SPAC where we're taking no compensation," Ackman tol…
Carmen Reinicke
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
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
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
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
2 mins read
Blank-check firm Silver Spike rallies 49% after merging with cannabis-tech platform Weedmaps
The SPAC takeover values the combined entity at $1.5 billion and comes as Democrats push for the fe…