Posts
February 16 2021
Leisure SPAC G&P Acquisition files for a $200 million IPO
G&P Acquisition, a blank check company targeting the leisure, craft brewing and distilling, automotive, and distribution sectors, filed on Friday with the SEC to raise up to $200 million in an initial public offering.
www.nasdaq.com
February 16 2021
Travel SPAC Altitude Acquisition II files for a $200 million IPO
Altitude Acquisition II, the second blank check company led by the CEO of Teplis Travel targeting the travel industry, filed on Friday with the SEC to raise up to $200 million in an initial public offering.
www.nasdaq.com
February 16 2021
Baby monitor maker Owlet hatches $1.4 billion blank-check deal to go public
Owlet Baby Care Inc, a maker of baby monitoring devices, will go public through a merger with a blank-check firm backed by private equity firm Sandbridge Capital, in a deal that values the equity of the combined entity at about $1.4 billion.
www.reuters.com
February 16 2021
Europe joins Wall Street’s boom in ‘blank-check’ companies
It’s the monster trend on Wall Street. Now it’s crossed the Atlantic. LVMH MC, -0.07% founder Bernard Arnault and former UniCredit UCG, -1.23% chief Jean-Pierre Mustier on Monday announced plans to create a blank-check company, marking Europe’s entry into the craze for special-purpose acquisition vehicles, or SPACs.
www.marketwatch.com
February 15 2021
Z-Work is a new SPAC with an unusual target: The gig economy
A group of all-star disruptors who pioneered digital stock trading, on-line retail, community-building for far-flung workers, and software M&A in Silicon Valley are now embarking on another kind of disruption, launching a special purpose acquisition company (SPAC) with plans to take a startup public. And they’re aiming at a burgeoning sector that demands more new services than any other: the gig economy.
www.fortune.com
February 15 2021
Some gaming firms turning to blank-check companies to go public
A lot changed in 2020, including the way companies go public. Merging with a blank-check company is the latest trend for private companies ready to hit a stock exchange, especially those in high-growth industries such as online gaming.
www.reviewjournal.com
February 12 2021
The King of SPACs Wants You to Know He’s the Next Warren Buffett
Chamath Palihapitiya has already drafted the next chapter in his charmed-life story. The immigrant kid who bootstrapped his way into riches at Facebook Inc., made billions as a risk-hungry investor and became the pied piper of the current blank-check craze now envisions himself as nothing less than the Warren Buffett of the Reddit era.
www.bloomberg.com
February 12 2021
ESG Core Rises in Europe’s First Sustainable SPAC Listing
ESG Core Investments BV rose in its Amsterdam trading debut Friday after raising 250 million euros ($303 million) in the first initial public offering of a sustainability-focused blank-check company in Europe.
www.bloomberg.com