Posts
February 24 2021
Goldman-backed ReNew plugs into U.S. public market with $8 billion blank check deal
ReNew Power will go public through an $8 billion merger with a blank-check firm in the biggest deal in the fast-growing clean energy sector in India, allowing the country’s largest renewable energy firm to grow capacity over the next few years.
www.reuters.com
February 24 2021
Markforged to Go Public in $2.1 Billion Blank-Check Deal
3D printer-maker Markforged Inc. has agreed to go public through a merger with a blank-check company started by Eventbrite Inc. co-founder Kevin Hartz.
www.bloomberg.com
February 24 2021
A-Rod Joins Blank-Check Derby to Build the ‘Yankees of SPACs’
After losing a deal for the New York Mets baseball team to billionaire Steve Cohen, Alex Rodriguez has another game he wants to win. The former all-star for the cross-town Yankees has joined the lengthening roster of financiers, executives, politicians, celebrities and athletes who have signed onto special purpose acquisition companies, or SPACs.
www.bloomberg.com
February 22 2021
The SPAC Conference 2021 Sneak Peek
Doug Ellenoff of Ellenoff Grossman & Schole provides an overview of year-to-date SPAC activity and explains why SPACs continue to be an attractive vehicle to raise capital.
www.spacconference.com
February 22 2021
Consumer tech SPAC L Catterton Asia Acquisition files for a $250 million IPO
L Catterton Asia Acquisition, a blank check company led by L Catterton Asia executives targeting consumer technology, filed on Monday with the SEC to raise up to $250 million in an initial public offering.
www.nasdaq.com
February 22 2021
Toast Inc, a cloud-based restaurant-software provider, is planning an initial public offering that could value the firm at around $20 billion, the Wall Street Journal reported.
www.markets.businessinsider.com
February 22 2021
Cannabis company Parallel to go public via merger with Scooter Braun-backed blank-check company
Multi-state cannabis operator Parallel said Monday it is going public via a merger with special purpose acquisition corporation (SPAC) Ceres Acquisition Corp. CERAF, 0.44% in a deal with an enterprise value of $1.884 billion.
www.marketwatch.com
February 22 2021
Michael Dell’s SPAC: Blank Check Company Pursues IPO
Michael Dell and executives from his family office have formed MSD Acquisition Corp., a Special Purpose Acquisition Company (SPAC) that’s pursuing an IPO (initial public offering) valued at roughly $575 million, and hunting for potential merger and acquisition (M&A) targets.
www.channele2e.com