Posts
August 17 2021
Ackman says SPAC does not need to be registered, pushes back on lawsuit
Billionaire hedge fund manager William Ackman said on Tuesday his blank-check acquisition company is not an investment firm that needs to register with U.S. regulators, pushing back against a lawsuit that alleges that his Pershing Square Tontine Holdings has improperly invested in securities.
www.reuters.com
August 17 2021
SPAC Boom Creates Fresh Targets for Short Sellers, Activists
When Genius Sports Ltd. merged with a blank-check company earlier this year, it became part of the the hottest trend on Wall Street this side of meme stocks. Its deal to combine with the publicly traded DMY Technology Group Inc. II was a relatively easy way for the then-private Genius to list its shares on the New York Stock Exchange.
www.bloomberg.com
August 16 2021
Investment platform OurCrowd in negotiations for $1 billion SPAC merger
Going public via a merger with a special purpose acquisition company (SPAC) has seen numerous Israeli hi-tech companies hit Wall Street over the past year. Jerusalem-based investment platform OurCrowd looks set to follow in their footsteps, with Calcalist learning that it is in negotiations with a SPAC traded on Nasdaq to go public at a valuation of over $1 billion.
www.calcalistech.com
August 16 2021
Tim Hortons China to Go Public in $1.7 Billion SPAC Deal
The company running the Chinese business of iconic Canadian coffee shop chain Tim Hortons agreed to go public through a merger with blank-check company Silver Crest Acquisition Corp.
www.bloomberg.com
July 29 2021
Vacasa to Go Public in $4.5 Billion SPAC Merger on Heels of Vacation Rentals Surge
Vacasa, the largest full-service vacation rental property management company in the U.S., said on Thursday it planned to merge with blank check company TPG Pace Solutions.
www.skift.com
July 28 2021
Can SPACs Give Women A Way Into Investment, The C-Suite And Boards?
When Betty Liu was vice chair of the New York Stock Exchange and chief experience officer of the Intercontinental Exchange, their mission was to make public markets more accessible to investors and private companies.
www.forbes.com
July 28 2021
Swvl, a green-focused mass transit company, is going public via an all-female SPAC
Dubai-based mobility company Swvl said Wednesday that it plans to go public through a reverse merger with Queen’s Gambit Growth Capital. The special purpose acquisition company is led entirely by women.
www.cnbc.com
July 27 2021
Britain eases SPAC rules as global watchdog puts sector on watch
Britain has eased rules for so-called special purpose acquisition companies (SPACs) to attract more listings to London, just as global regulators have put a watch on SPACs, which may already be peaking in popularity.
www.reuters.com