Posts
March 02 2021
Blank-Check Company Craze Prompts BMO to Bulk Up SPACs Banking
Bank of Montreal’s investment bank is building up its capabilities to help clients establish blank-check companies as the Canadian firm seeks to play a bigger role in the fast-growing trend.
www.bloomberg.com
March 01 2021
Serial Dealmaker Bill Foley Looks for Carveouts With New SPAC
Bill Foley, one of the highest-profile names in blank-check dealmaking, is on the lookout for public company assets that it could take public as a separate business.
www.bloomberg.com
February 28 2021
New World’s Adrian Cheng Plans Up to $400 Million SPAC
New World Development Co.’s Adrian Cheng is planning to raise funds through a special purpose acquisition company in the U.S., according to people familiar with the matter, making him the latest Hong Kong tycoon to jump on the blank-check firm bandwagon.
www.bloomberg.com
February 25 2021
A Fundamentally Different Kind of SPAC
Special Purpose Acquisition Company (SPAC) IPOs have generated a lot of buzz recently, and for good reason: 242 SPACs were launched in 2020 alone.
www.nasdaq.com
February 25 2021
African Gold SPAC Targeting ‘Well-Trodden’ Nations Raises Cash
African Gold Acquisition Corp., a special purpose acquisition company targeting gold assets on the continent, raised a more-than-expected $360 million ahead of a listing in New York on Friday.
www.bloomberg.com
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