Posts
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
January 22 2021
Lucid Motors prepares to go public thanks to Saudi money and SPAC mania
Lucid Motors was near death and desperate for cash in 2018 when it was handed a lifeline. The savior was Saudi Arabia. The desert kingdom’s sovereign wealth fund invested $1.3 billion in the electric car start-up. Lucid regained full health.
www.latimes.com
January 22 2021
Avi Katz’s fourth SPAC GigCapital4 files for a $260 million IPO
GigCapital4, the fourth blank check company led by semiconductor veteran Avi Katz, filed on Friday with the SEC to raise up to $260 million in an initial public offering.
www.nasdaq.com
January 22 2021
Charging Network EVgo Near Merger With Climate Change SPAC
EVgo Services LLC, a charging network for electric vehicles that’s entirely powered by renewable energy, is nearing a deal to go public through a merger with Climate Change Crisis Real Impact I Acquisition Corp., according to people with knowledge of the matter.
www.finance.yahoo.com