Posts
February 08 2021
Chinese EV startup Byton explores listing via SPAC deal -sources
Chinese electric vehicle (EV) maker Byton, backed by Apple assembler Foxconn, is in talks to go public through a merger with a special-purpose acquisition company (SPAC), people familiar with the matter told Reuters.
www.reuters.com
February 08 2021
Jeff Bezos-backed startup Nautilus Biotechnology set to go public via SPAC at $900M valuation
Nautilus Biotechnology, a Seattle-based biotech startup led by Isilon co-founder Sujal Patel, is the latest company to go public using a special purpose acquisition company, or SPAC.
www.geekwire.com
February 05 2021
Danny Meyer has started a SPAC. But he isn’t necessarily targeting a restaurant. The famed CEO and chairman of Union Square Hospitality Group (USHG) as well as Shake Shack is the chairman of USHG Acquisition Corp., a $250 million SPAC, or special purpose acquisition company that filed its registration documents with federal regulators on Friday.
www.restaurantbusinessonline.com
January 29 2021
Client Alert: NYC Indoor Dining to Resume on Valentine’s Day
Governor Cuomo has just announced that effective February 14, 2021, restaurants in New York City may reopen for indoor dining, with capacity limited to 25%.
Click here to read the alert.
January 27 2021
German Industry Icon Touched by SPAC Fever in $300 Million Raise
A blank-check company led by former Siemens AG Chief Executive Officer Klaus Kleinfeld is looking to buy or invest in a sizable firm after raising $300 million in a stock-market listing.
www.bloomberg.com
January 27 2021
23andMe in Talks to Go Public Via Branson SPAC
Consumer DNA-testing company 23andMe Inc. is in talks to go public through a roughly $4 billion deal with VG Acquisition Corp., a special purpose acquisition company founded by billionaire Richard Branson, according to people familiar with the matter.
www.bloomberg.com
January 27 2021
Booming Blank Check Companies Are the Talk of Reddit and TikTok
The SPAC boom that seemed to come out of nowhere in 2020 is still going strong. Billionaires, celebrities, and money managers are lining up to start special-purpose acquisition companies and hedge funds are clamoring to buy an early piece of them.
www.bloomberg.com
January 26 2021
Female-backed SPAC, Powered Brands, aims to create new beauty conglomerate after public listing
The SPAC craze rippling across Wall Street has largely left out women. But one group of female founders and investors is looking to change that. A special purpose acquisition company, or SPAC, called Powered Brands priced earlier this month on the Nasdaq, under the ticker “POWRU,” with the goal of creating a new kind of global conglomerate made up of sustainable and digitally focused beauty brands.
www.cnbc.com