Posts
June 25 2021
Fenwick, BraunHagey land Buzzfeed’s $1.5 bln SPAC merger
Fenwick & West and BraunHagey & Borden are orchestrating Buzzfeed Inc’s $1.5 billion merger with 890 5th Avenue Partners Inc, a blank check company named after the fictional Avengers mansion.
www.reuters.com
June 25 2021
NYSE’s Cunningham Sees Heightened Scrutiny of SPACs on Horizon
New York Stock Exchange President Stacey Cunningham said special purpose acquisition companies can expect increased regulation and calls for transparency amid heightened scrutiny from the U.S. Securities and Exchange Commission.
www.bloomberg.com
June 08 2021
Wall Street grapples with new SPAC equity contracts after regulator crackdown
Wall Street accountants and lawyers are trying to figure out new equity agreements to lure investors back to the blank-check company market after the U.S. regulator cracked down on the use of warrants, six industry executives told Reuters.
www.reuters.com
June 08 2021
TPG-Backed PropertyGuru Eyes $2 Billion Thiel SPAC Deal
Bridgetown 2 Holdings Ltd., the blank-check company backed by billionaires Richard Li and Peter Thiel, is in advanced talks to merge with Singapore’s online real estate firm PropertyGuru Pte, according to people with knowledge of the matter.
www.bloomberg.com
June 07 2021
Mark Cuban-Backed Personal Finance App Dave to Go Public in $4 Billion SPAC Deal
A special-purpose acquisition company sponsored by Victory Park Capital has agreed to merge with banking app Dave, allowing the financial startup to begin operating as a public company.
www.wsj.com
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