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1 min read
Donald Trump's first win of the 2024 election season ignites 239% rally in Truth Social-linked SPAC
Digital World Acquisition has been seeking a merger with Trump's Truth Social media platform since …
Matthew Fox
2 mins read
A deal for Colin Kaepernick's SPAC unraveled because the former NFL star wouldn't do TV press for it, report says
The former NFL quarterback balked at requests by The Change Company to appear on "Good Morning Amer…
Carla Mozée
3 mins read
Chamath Palihapitiya's 4 blockbuster SPAC mergers have tumbled 32% this year as investors ditch flashy growth stocks
Clover Health has plunged 76% in 2021, and Virgin Galactic is down 36%, in a tough year for billion…
Harry Robertson
2 mins read
The SPAC tied to Trump's Truth Social surges 11% after the former president is formally indicted
Since the indictment was revealed Thursday afternoon, Trump posted more than 40 times to his Truth …
Matthew Fox
1 min read
FaZe Clan will go public in a SPAC merger valuing the gaming organization at around $1 billion
FaZe Clan centers around competitive esports teams that play titles like "Fortnite Battle" and "Cal…
Carla Mozée
2 mins read
Bill Ackman says he'll return $4 billion to PSTH investors after failing to close a SPAC deal - and trumpets his next-generation SPARC
The Pershing Square chief blamed the market's rapid rebound after the pandemic crash, investors sou…
Theron Mohamed
1 min read
A SPAC run by Billy Beane of 'Moneyball' fame is in talks to merge with SeatGeek
RedBall Acquisition earlier this year was in talks to acquire a minority stake in the owner of the …
Carla Mozée
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
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
2 mins read
Billionaire investor Bill Ackman's SPAC is reportedly being sued for not operating as a blank-check firm
"Investing in securities is all the company has ever done since its IPO," the complaint said, notin…
Isabelle Lee
2 mins read
The lawyers that sued Bill Ackman's SPAC are reportedly targeting 50 more as the merger boom deflates
The lawsuit against Ackman's Pershing Square Tontine Holdings has led Ackman to pursue alternative …
Matthew Fox
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
Another SPAC deal falls apart after Topps trading cards terminates merger with sponsor
The decision to terminate the SPAC deal came just one week before shareholders were set to vote on …
Matthew Fox
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
A handful of heavily shorted SPACs are being squeezed higher as investors redeem shares ahead of final merger
Most SPACs have redemption rights, which give shareholders the right to sell their shares back to t…
Matthew Fox
1 min read
Trump Media has gotten Congress involved in its crusade against short sellers
The Trump Media CEO last week also penned a letter to Nasdaq blaming "naked" short selling for the …
Yuheng Zhan
2 mins read
Elizabeth Warren is asking the SEC to investigate the Trump SPAC deal over potential securities violations
SPAC deals "are often structured to exploit retail investors to the benefit of large institutional …
Matthew Fox
2 mins read
Ride-hailing giant Grab slumps 23% in its Nasdaq trading debut after blockbuster SPAC deal
Grab in April agreed to a mega SPAC merger with Altimeter Growth, valuing the Southeast Asian ride-…
Isabelle Lee
2 mins read
The SPAC taking electric-aircraft maker Archer public has slashed the valuation of the company by $1 billion
The revision supports 'a highly compelling investment thesis' for Archer, the company said about it…
Carla Mozée
2 mins read
Churchill Capital shareholders approved the SPAC's merger with Lucid Motors after CEO Michael Klein appealed directly to retail investors
Churchill Capital has been a popular SPAC stock with retail investors, though likely less so after …