Posts
June 02 2021
A surge in SPACs over the past year and looming deal deadlines has led to increased competition among sponsor companies to complete a merger, according to a report from The Wall Street Journal.
www.markets.businessinsider.com
June 01 2021
Why SoFi’s dealmaking CEO went the SPAC route for its IPO
SoFi’s (SOFI) long-awaited IPO on Tuesday isn’t the first time CEO Anthony Noto has had a splashy deal day. Noto is a former tech analyst and investment banker at Goldman Sachs who spent more than 12 years at the firm (1999 to 2008, then a return from 2010 to 2014 after a stint in between as the NFL’s CFO).
www.finance.yahoo.com
May 27 2021
SEC considers new investor protections for SPACs
Amid a boom in special-purpose acquisition companies, better known as SPACs, the Securities and Exchange Commission is considering new protections against the investment vehicles.
www.cnbc.com
May 17 2021
15 SPACs have merger votes in the next 30 days. With the SEC’s paperwork kinks nearly worked out, expect some more to come in as well. And SCVX taking Bright Machines public.
www.thestreet.com
May 17 2021
Redbox to Go Public in SPAC Deal Valued at $693 Million
Redbox said Monday that it’s going public by merging with the Seaport Global Acquisition SGAM special-purpose-acquisition company, a deal giving the movie-rental company an enterprise value of $693 million.
www.thestreet.com
May 16 2021
Bright Machines nears SPAC deal to go public
Bright Machines is nearing a merger with a special-purpose acquisition company to go public in a deal that would value the manufacturing-automation business at about $1.6 billion, according to people familiar with the matter.
www.foxbusiness.com
May 11 2021
Analyzing the Future of the Special Purpose Acquisition Company (SPAC)
Blank-check transactions have slowed as compared to prior quarters, but that fact alone is not a commentary on the viability of the asset class itself.
www.nasdaq.com
May 11 2021
SoftBank-backed Better to go public in $7.7 bln SPAC deal
SoftBank Group Corp-backed (9984.T) Better HoldCo said on Tuesday it will go public through a merger with a blank-check firm sponsored by investment firm Novator Capital, valuing the mortgage startup at $7.7 billion.
www.reuters.com