Category: market
How this 80-year-old female banking entrepreneur made her fortune through fintech SPACs
Betsy Cohen was an early adopter of the reverse merger mania, concluding her first transaction in March 2016.
SPACinformer
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Analysis: The future for SPACs — How could SPACs be reworked?
What might SPACs have done differently to prevent their present predicament—and, more importantly, what can they do now?
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Holisto, a travel booking company, merging with SPAC valued at $405 million
At a time of disillusionment, this deal marks the viability of appropriate, win-win SPAC deals.
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Blue Nile jewelers set to return to the public market through SPAC merger
The online jewelry store has decided to re-enter the public market via a merger with a SPAC valued at $873 million.
SPACinformer
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Sponsors get inventive as time runs out, this SPAC is merging with an already-public company
SPACs are well-known as a backdoor investment mechanism for taking private firms public. No, not this one.
SPACinformer
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SPACs could provide protection in the falling stock market
SPACs are one-of-a-kind, with their own set of risks and possible benefits.
SPACinformer
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Symbotic completes SPAC transaction and makes NASDAQ debut
After finalizing its merger with SVF Investment Corp., Symbotic debuted on the NASDAQ today under the ticker code "SYM".
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Bill Ackman's SPAC has six weeks to pick a target or face returning $4 billion to investors
Pershing Square Tontine Holdings needs to identify a company to acquire within the next six weeks, or Ackman will have to return all its cash to his investors.
SPACinformer
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Westrock Coffee, a Riverview Acquisition SPAC merger partner, reports a 20% increase in Q1 sales
Westrock Coffee Holdings LLC reported $186.4 million in Q1 revenue, up 20% year over year, with a $4.7 million net loss compared to $6.1 million a year ago.
SPACinformer
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Hedge funds are still investing in SPACs
In 2022 hedge funds had $167 billion in SPACs – a 3% decrease from year-end – while the overall stock market has declined by considerably more than 3%.
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3 reasons why businesses continue to complete SPAC mergers
The SPAC market is experiencing a natural lag. Capital may not be the primary motivator for going public. Niche investment banks are still open for business.
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Are SPACs Dead? – AlphaRank SPAC Monitor
The media has a negative bias toward blank check companies, generally choosing to publish clickbait as opposed to rational analysis.
Julian Klymochko
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Freightos, backed by FedEx, to go public via a merger with SPAC Gesher I
Freightos Ltd., a digital platform for worldwide freight booking services, will go public via a partnership with blank check company Gesher I Acquisition Corp.
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Forbes cancels plan to go public via SPAC Magnum Opus Acquisition
The century-old business journal had planned to go public via a Hong Kong-based blank check company, but reversed direction once the market shifted.
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Tycoon SPAC deal will create China's largest U.S. listing since Didi
ECARX Holdings Inc., backed by billionaire Li Shufu, has agreed to go public via a merger with SPAC COVA Acquisition Corp., making it the biggest Chinese offering in the US since Didi Global Inc.
SPACinformer
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Uplive's parent company is negotiating a deal with E.Merge SPAC
Uplive's parent company, Asia Innovations Group, is in negotiations with E.Merge. The merged firm will be worth more than $2 billion as a result of the transaction.
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Luminar's stock dropped 44% since going public – CEO Austin Russell believes it's still a good deal
Austin Russell has no regrets about going public with Luminar Technologies via a merger with a SPAC.
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Surf Air, the private plane company, will go public in a $1.42 billion SPAC deal
Surf Air, a private aviation operator, said Wednesday that it would go public via a merger with a blank check company.Surf Air, which works on a membership basis, will be valued at $1.42 billion after the merger with SPAC Tuscan Holdings Corp. II.
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SPAC deal allows Near Intelligence to go public on Nasdaq
SPAC deal allows Near Intelligence to go public on Nasdaq. Near Intelligence Holdings Inc. said Thursday that it intends to go public on the Nasdaq under the ticker code "NIR" via a combination with a special purpose acquisition company valued at around $1 billion.
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Big Law is bullish on SPACs even as large banks pull out
Big Law is bullish on SPACs even as large banks pull out. Lawyers are swamped with queries about SPAC regulations. They forecast business even as transaction volumes fall.
SPACinformer
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Dragonfly Energy Secures SPAC Deal Worth $500 Million
Dragonfly Energy Secures SPAC Deal Worth $500 Million. Dragonfly Energy Corp., a battery manufacturer, has decided to go public in a deal with a SPAC valued at $500 million, including debt.
SPACinformer
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Amprius, a maker of silicon batteries, to go public in a $1.3 billion SPAC merger
Amprius, a maker of silicon batteries, to go public in a $1.3 billion SPAC merger. Airbus and the US Army's battery supplier is merging with a transportation-focused SPAC.
SPACinformer
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Banijay to go public through a SPAC on the Euronext Stock Exchange
Banijay, the TV production and distribution behemoth behind Survivor and Peaky Blinders, is ready to go public and join the Amsterdam stock market through a newly formed special purpose acquisition company, or SPAC.
SPACinformer
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Getaround, the car-sharing startup, agreed to a $1.2 billion SPAC merger.
Getaround, the car-sharing startup, agreed to a $1.2 billion SPAC merger. Founder and CEO Sam Zaid will manage the merged firm. Getaround will be listed on the New York Stock Exchange as 'GETR'.
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