Posts
March 10 2021
Two SPACs led by Russell Galbut and Michael Liebowitz each file for $100M IPOs
Developer Russell Galbut and investor Michael S. Liebowitz are rolling out the SPACs. The two partners, who last year raised $115 million for their New Beginnings Acquisition Corp. blank check company, filed initial public offerings for two more companies, New Beginnings Acquisition Corp. II and New Beginnings Acquisition Corp. III, each targeting $100 million raises.
www.therealdeal.com
March 10 2021
The SEC says never invest in a SPAC based solely on a celebrity’s involvement
The Securities and Exchange Commission on Wednesday issued a warning against special purpose acquisition companies backed by celebrities, urging investors to think twice before jumping in.
www.cnbc.com
March 08 2021
Decades-Long SPAC Bet Pays Off for Law Boutique Beating Titans
Douglas Ellenoff became a true believer in special purpose acquisition companies when his first one found him almost two decades before they became the next big thing on Wall Street.
www.bloomberglaw.com
March 08 2021
IonQ To Become The First Publicly Traded Pure-Play Quantum Computing Company
IonQ, Inc., (“IonQ”) announced today that it has entered into a merger agreement with dMY Technology Group, Inc. III (NYSE: DMYI.U), a publicly traded special purpose acquisition company (“dMY III”). Upon closing of the transaction, IonQ shares will trade on the NYSE under the symbol “IONQ” as the first publicly traded pure-play hardware and software company in the quantum computing space.
www.finance.yahoo.com
March 08 2021
Disruptive tech SPAC Trajectory Alpha Acquisition files for a $150 million IPO
Trajectory Alpha Acquisition, a blank check company targeting a disruptive technology-driven business, filed on Monday with the SEC to raise up to $150 million in an initial public offering.
www.nasdaq.com
March 08 2021
U.S. crowd-safety firm Evolv to go public in a $1.7 billion SPAC deal
U.S. crowd-safety company Evolv Technology said on Sunday it is combining with blank-check firm NewHold Investment to go public in a deal that will value it at about $1.7 billion.
www.cnbc.com
March 02 2021
Zulily co-founder latest to join SPAC mania
Mark Vadon, the Seattle e-commerce entrepreneur who co-founded Zulily and Blue Nile and served as chairman of Chewy, is joining the SPAC craze.
www.geekwire.com
March 02 2021
Rainmaker Moelis Joins Exclusive Club With SPAC Triple Play
Even by the standards of the booming SPAC world, Wall Street veteran Ken Moelis has achieved a rare feat: three new blank-check companies in a single day.
www.bloomberg.com