Posts
April 19 2021
SEC Guidance a Serious Threat to SPACs, Law Firms Say
New guidance from the Securities and Exchange Commission on special purpose acquisition companies (SPACs) is already causing a huge slowdown in the market, according to several prominent law firms.
www.fool.com
April 19 2021
Dream Sports to list IPO in US, may raise $1.5 bn through SPAC
Another Indian tech firm is reportedly working on a US listing by early next year. According to news reports, the 13 year-old sport tech startup firm, Dream Sports may raise $1.5 billion through a special purpose acquisition company (SPAC) or blank cheque company.
www.freepressjournal.in.com
April 19 2021
Fifth Wall debuts third SPAC, hopes to raise $250M
Fifth Wall Ventures, an investment company that focuses on real estate technology, has launched a new special purpose acquisition company, which is a type of firm that is designed to merge with another corporation that wants to go public.
www.inman.com
April 14 2021
Grab is going public in $40 billion SPAC deal, the biggest on record
Southeast Asia’s ride-hailing giant Grab is setting the stage for an eye-popping Wall Street debut. The Singapore-based startup announced Tuesday that it would merge with a special-purpose acquisition company, or SPAC, backed by Altimeter Capital in a deal that would pave the way for a New York listing and value Grab at about $39.6 billion.
www.cnn.com
April 13 2021
HelloFresh Founder Lists $300 Million SPAC For European Tech Buyouts
Dominik Richter, CEO and founder of HelloFresh, and venture capital investor Roman Kirsch have raised $300 million for a blank-check company to reverse-merge with European tech companies.
www.forbes.com
April 13 2021
Web Doctor Babylon in Talks to List Via Ex-Groupon CEO SPAC
Babylon, the medical startup that connects patients and doctors via an app, is in talks to go public in a merger with blank-check company run by former Groupon Inc. executives, according to people familiar with the matter.
www.bloomberg.com
April 12 2021
SPAC Boom Faces New SEC Threat With Accounting Crackdown
U.S. regulators are throwing another wrench into Wall Street’s SPAC machine by cracking down on how accounting rules apply to a key element of blank-check companies.
www.bloomberg.com
March 24 2021
Chinese tech-focused SPAC Hony Capital Acquisition files for a $300 million IPO
Hony Capital Acquisition, a blank check company targeting tech-enabled consumer and healthcare businesses in China, filed on Wednesday with the SEC to raise up to $300 million in an initial public offering.
www.renaissancecapital.com