Posts
October 27 2021
Ex-Barclays Banker Azar Sees More SPAC Scrutiny After Crackdown
Former Barclays Plc banker Makram Azar, who listed his special-purpose acquisition company last year to scout for European tech unicorns, warned SPACs could come under yet more scrutiny by U.S. regulators after a crackdown earlier this year cooled off the market.
www.bloomberg.com
October 25 2021
Trump SPAC Digital World Acquisition drops 11% after huge gains on social media merger news
The SPAC stock linked to Donald Trump’s planned social media platform sharply dropped in price Monday after booking huge gains last week following news that it would merge with the ex-president’s planned social media company.
www.cnbc.com
October 25 2021
Esports Company FaZe Clan Valued at $1 Billion After Deal to Go Public in SPAC Merger
FaZe Clan says it’s about to become a unicorn. The esports and gaming media company announced plans Monday to combine with a special purpose acquisition company (SPAC) in a deal to become a publicly traded entity — giving it an implied value of $1 billion.
www.variety.com
October 21 2021
Blank-check boom: D&O insurance strategies for SPAC management
Hindsight is 20/20, and directors and officers of publicly traded companies are beginning to reflect as end-of-year reports near. The craze surrounding special purpose acquisition companies, or SPACs, crested over the past year, but with such popularity has come increased regulatory focus and greater considerations for director and officer (D&O) insurance coverage.
www.reuters.com
October 21 2021
Goldman Sachs wants to build an investor-friendly SPAC business following market bust
Goldman Sachs just closed its second billion-dollar blank-check deal ever as the Wall Street firm seeks to change the struggling SPAC market by building a sustainable franchise that aligns investor interests with insiders.
www.cnbc.com
October 21 2021
Shares of Trump-linked SPAC close up 350% following news of social media deal
The stock price of SPAC company Digital World Acquisition Corp. skyrocketed on extremely heavy trading volume Thursday after news of a merger that would launch former President Donald Trump’s planned social media platform.
www.cnbc.com
October 21 2021
Trump is going public by taking advantage of Wall Street’s blank-check boom
Former President Donald Trump is planning a return to Wall Street. Trump, whose companies have a long history of filing for bankruptcy, announced a deal Wednesday night to bring a new media company public through what’s known as a SPAC, or a Special Purpose Acquisition Corporation.
www.cnn.com
October 12 2021
Li-Backed Hyphen in Talks on $1 Billion Provident SPAC Deal
Hyphen Group, a financial technology firm backed by Hong Kong billionaire Richard Li, is in advanced talks to go public through a merger with blank-check company Provident Acquisition Corp., according to people familiar with the matter.
www.bloomberg.com