Posts
July 01 2021
Electric vehicle SPACs try to prove their worth to Wall Street as shares fall
Electric vehicle start-ups that went public through SPAC deals over the past year are trying to prove their worth to Wall Street as investors grow increasingly skeptical of their future and securities regulators scrutinize their books.
www.cnbc.com
June 30 2021
Four Palihapitiya-backed SPACs raise $880 mln in upsized public offerings
Four blank-check companies, backed by venture investor Chamath Palihapitiya, raised a total of $880 million in their upsized U.S. initial public offerings (IPOs) on Wednesday.
www.finance.yahoo.com
June 30 2021
Zaoui Brothers Join Europe’s SPAC Rush With Odyssey Listing
Investment banker brothers Michael and Yoel Zaoui have become the latest dealmakers to jump into Europe’s growing market for blank-check companies.
www.bloomberg.com
June 30 2021
Bowlero Reaches SPAC Merger Deal for $2.6 Billion Value
Bowlero Corp., an owner and operator of bowling centers, agreed to go public through a merger with blank-check company Isos Acquisition Corp. in a deal valuing the combined entity at $2.6 billion, according to people familiar with the matter.
www.bloomberg.com
June 28 2021
Former Turner Sports Executive Joins VC in Sports Tech SPAC
Matthew C. Hong, a former Turner Sports executive who was responsible for the day-to-day operations of its extensive sports portfolio, has joined the SPAC of two venture capitalists seeking a sports technology, e-sports, media or other technology businesses.
www.sports.yahoo.com
June 28 2021
Asian investors and targets remain hot on SPACs, as fundraising by blank-cheque companies cools
Asian investors and target companies in the region remain keen on special purpose acquisition companies (SPACs), with more than a dozen of these so-called blank-cheque companies with ties to Asia seeking to go public in the United States in the past two months alone.
www.scmp.com
June 28 2021
SPAC to Buy Stake in Universal Music Group for $4 Billion
Billionaire Bill Ackman’s blank check company, Pershing Square Tontine Holdings Ltd., has signed a deal to buy 10% of Santa Monica-based Universal Music Group for about $3.95 billion.
www.labusinessjournal.com
June 28 2021
Beachbody’s SPAC Merger With Peloton Rival Mints A New Billionaire
The SPAC craze has minted yet another billionaire in the latest example of blank-check companies leading to new members of the three-comma club. Santa Monica-based Beachbody—the exercise-DVD and weight-loss-shake-hawking multilevel marketing…
www.forbes.com