Posts
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
February 18 2021
Singapore Exchange Hopes to List SPACs as Early as This Year
Singapore Exchange Ltd. could list blank-check companies this year if it gets enough support from the industry. An impending market consultation on special purpose acquisition companies this quarter could take some time to get feedback, Chief Executive Officer Loh Boon Chye said in an interview Wednesday.
www.bloomberg.com
February 18 2021
Battery Sector Finance Benefits From SPAC Attack
The rise of special acquisition companies, or SPACs, was one of finance’s biggest stories in 2020. Soaring enthusiasm for clean energy investments has now gone mainstream, fueling the proliferation of these ‘blank check companies’ designed to raise money through an IPO for the sole purpose of acquiring a company.
www.forbes.com
February 18 2021
SPAC Kismet Acquisition Two prices $200 million IPO
Kismet Acquisition Two, the second blank check company led by the former CEO of Russia’s MegaFon targeting a European business, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
www.nasdaq.com