Posts
December 02 2021
Singapore’s First Wave SPACs Said to Move Filing Plans Ahead
Vertex Holdings Ltd., a unit of Singapore state investor Temasek Holdings Pte, and European asset manager Tikehau Capital are preparing to lodge preliminary prospectuses for blank-check company listings in the city-state as soon as next week, according to people with knowledge of the matter.
www.bloomberg.com
December 01 2021
The first (SPAC) has listed in the United Kingdom since the relaxation of rules by the Financial Conduct Authority.
www.iclg.com
December 01 2021
A for-profit prison company is going public via SPAC, raising ESG concerns in the blank-check space
The red-hot SPAC market could have an ESG problem. Securus Technologies, a prison services company that makes profit from charging families of the incarcerated for phone calls, is in talks to go public via merging with Atlantic Avenue Acquisition Corp, according a person familiar with the matter.
www.cnbc.com
November 03 2021
SPAC issuance jumps to the highest since March as deals rush to market before year-end
The SPAC market could be staging a comeback with issuance hitting an eight-month high as the industry continues to ride out regulatory challenges. A total of 57 special purpose acquisition companies began trading in October, the highest amount since March when a record of 109 SPACs were issued, according to SPACInsider and CNBC calculations.
www.cnbc.com
November 03 2021
NBA star Kevin Durant backs $200 million SPAC
Basketball star Kevin Durant is betting on a blank check company. The Brooklyn Nets forward will serve as the co-CEO of Infinite Acquisition Corp, which filed for an initial public offering for $200 million on Wednesday. Infinite will sell 20 million shares at $10 and return money to investors if it doesn’t acquire a company to take public within 24 months. Among the targets: sports, e-commerce, and cryptocurrency companies.
www.cnbc.com
November 02 2021
EF Hutton, the company behind Trump SPAC deal, launches its own SPAC
Less than two weeks after the stock price of a special purpose acquisitions company linked to former president Donald Trump jumped more than 1,000% in just two days before falling back to earth, the company behind that deal is launching its own SPAC.
www.finance.yahoo.com
November 01 2021
Once Taboo, SPACs Are Now the Main Driver of Fundraising and New Growth in Cannabis
For U.S. cannabis companies looking to raise capital for operations that deal in a federally illegal substance, IPOs on American markets aren’t a viable option. Other traditional capital sources—banks, for example—are equally off limits. The constraints set up a perfect environment for special purpose acquisition companies (SPACs) to thrive—and thriving they are.
www.prnewswire.com
October 27 2021
RTP Global’s Gareth Jefferies Expects More SPACs in U.K. in Wake of Eased Regulations
In August, the U.K. Financial Conduct Authority eased rules governing public listings on the London Stock Exchange via special-purpose acquisition companies—as long as they build in some protections for investors.
www.wsj.com