Posts
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
February 09 2021
Fifth Wall Acquisition Corp. I Announces Closing of $345 Million Initial Public Offering
Fifth Wall Acquisition Corp. I (the “Company” or “FWAA”), a special purpose acquisition company, today announced the closing of its initial public offering (“IPO”) of 34,500,000 shares of Class A Common Stock, including 4,500,000 shares issued to the underwriters upon the full exercise of their over-allotment option, at a price to the public of $10.00 per share. The shares began trading on The Nasdaq Stock Market, LLC (“Nasdaq”) under the symbol “FWAA” on February 5, 2021.
www.prnewswire.com
February 09 2021
Asia-focused SPAC Venus Acquisition prices $40 million IPO
Venus Acquisition, a blank check company targeting businesses that have a connection to the Asian market, raised $40 million by offering 4 million units at $10.
www.nasdaq.com
February 09 2021
Endless Boom in Blank Check Companies Is Wearing Out Insurers
The SPAC boom is overwhelming a key player in the creation of a blank-check companies: insurers. Firms selling directors-and-officers liability policies for special purpose acquisition companies have been flooded by the listings that surged last year.
www.bloomberg.com