You Searched For "spac boom" and got 20 results
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2 mins read
The SPAC-bubble collapse triggered a surge in the number of penny stocks. That's not great news for the market.
There are now hundreds of US-listed stocks trading below a dollar. It's creating market inefficienc…
Filip De Mott
2 mins read
A score of SPAC merger companies that listed during the boom are warning they probably won't survive much longer
More than 25 companies that listed via blank-check merger over the past two years have warned they …
George Glover
2 mins read
Long-term projections by some SPAC stocks are proving to be wishful thinking as Virgin Galactic misses 2021 revenue target by 98%
Nikola said during its SPAC IPO that it expected to generate about $150 million in revenue in 2021.…
Matthew Fox
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
Forbes is going public via $630 million SPAC merger with Magnum Opus Acquisition
The transaction, which is expected to close in the fourth quarter or first quarter 2022, will be us…
Isabelle Lee
1 min read
SPAC volatility forces SeatGeek and Billy Beane of 'Moneyball' fame to shelve merger plans as the boom in blank-check deals fades
"Unfavorable" market conditions are "particularly impacting growth technology companies," the SPAC …
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
US IPO activity fell 59% in the 2nd quarter as SPACs dried up following a regulatory crackdown
Special-purpose acquisition company IPOs raised just $6.8 billion in the second quarter compared to…
Harry Robertson
1 min read
The SEC is reportedly looking into conflicts of interest among major banks in the SPAC deal-making process
The SEC has requested information from top SPAC underwriters including Morgan Stanley, Citigroup, a…
Isabelle Lee
2 mins read
The $171 billion of US IPOs in 2021 is already a full-year record
There is a slew of hotly anticipated IPOs still to come, with debuts expected from payments firm St…
Isabelle Lee
1 min read
The SPAC boom has cooled off but lawsuits against the blank-check firms are reportedly booming
The report comes as interest in SPACs is waning, as some investors worry the blank-check deals pose…
Ethan Wu
1 min read
Jim Chanos in an interview slammed SPACs for enticing investors to buy 'very bad businesses' and revealed he's shorting several of them
Legendary short-seller Jim Chanos told the Financial Times SPACs use lofty, often misleading projec…
Emily Graffeo
1 min read
SPACs have raised a record $100 billion in 2021, but activity levels have plummeted by more than 80% in recent months
In March 2021, a total of 116 special purpose acquisition companies listed. In April, the number of…
Emily Graffeo
1 min read
Tom Barrack's SPAC withdraws its IPO filing days after the billionaire was arrested and charged with illegal lobbying
Falcon Acquisition filed for a $250 million IPO in March with the goal of targeting tech-driven bus…
Isabelle Lee
1 min read
3 stats that show just how much investor appetite for SPACs has declined
As interest rates climb, most SPACs have underperformed the market, along with other high growth, l…
Emily Graffeo
2 mins read
Two new ETFs will be purely exposed to post-SPAC public companies - and one of them is going short
"You can decide how you want to play it, from the long side or the short side," said the CEO of Tut…
Natasha Dailey
2 mins read
JPMorgan is calling the top for SPACs - and says declining day-trader interest is to blame
"SPACs come and go in waves, as they exhibit boom and bust cycles," JPMorgan said in a Wednesday no…
Matthew Fox
1 min read
Goldman Sachs says it is seeing a "superbloom" of M&A activity as corporations rethink their businesses after the pandemic
David Dubner, Goldman Sachs' global head of M&A, discussed the recent rise in M&A, separation activ…
Will Daniel
2 mins read
The red-hot SPAC market is cooling off as first-day trading spikes evaporate
14 out of 15 SPACs that went public last week traded below their $10 IPO price as the red-hot SPAC …
Will Daniel
1 min read
SPAC king Chamath Palihapitiya says higher rates have created a 'wave of destruction' across whole sectors
The famed investor and so-called SPAC king said that the end of zero interest rate policy has creat…