Posts
February 12 2021
Mobile bank MoneyLion to go public via blank-check merger in $2.9 bln deal
Mobile banking platform MoneyLion Inc said on Friday it has agreed to go public through a merger with blank-check firm Fusion Acquisition Corp FUSE.N, in a deal that values the equity of the combined company at $2.9 billion.
www.nasdaq.com
February 12 2021
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million
Mike Cagney’s blockchain lending startup Figure Technologies Inc. plans to raise $250 million through a new blank-check company, according to an SEC filing.
www.finance.yahoo.com
February 10 2021
SPACs have raised over $38 billion in 2021, but new NYSE rule looms
The 2021 IPO market is already on fire six weeks into the new year, with SPACs leading the way. SPACs have raised more than $38 billion year to date, with an average of $296 million for 128 SPAC IPOs, according to SPACInsider.
www.cnbc.com
February 10 2021
Ex-Credit Suisse CEO Thiam, Pimco Team Up for $250 Million SPAC
Former Credit Suisse Group AG Chief Executive Officer Tidjane Thiam is teaming up with Pacific Investment Management Co. for a blank-check company that’s seeking to raise $250 million.
www.bloomberg.com
February 10 2021
Post Holdings launches SPAC to raise up to $400M
Post Holdings is forming a special purpose acquisition company, the CPG maker said in a statement. Post said the blank check company plans to raise $400 million to partner with a business in the CPG space.
www.fooddive.com
February 10 2021
Electric aircraft maker Archer to go public in $3.8 bln Moelis-backed blank check deal
Electric aircraft startup Archer, which is getting solid backing from United Airlines, will go public through a merger with a blank-check company backed by investment banker Ken Moelis in a deal valued at around $3.8 billion.
www.reuters.com
February 10 2021
Kaepernick Targets $1 Billion Businesses With Socially Driven Blank Check Company
Colin Kaepernick is joining the SPAC frenzy, taking the lead of an environmental, social and governance-focused (ESG) blank-check company, which will raise up to $250 million in an initial public offering.
www.finance.yahoo.com
February 10 2021
Spencer Rascoff launches second SPAC
Why have one SPAC when you could have two? Zillow co-founder Spencer Rascoff, who raised $350 million for his first blank-check firm this fall, has just launched a second SPAC, according to a regulatory filing Wednesday.
www.therealdeal.com