Posts
December 06 2020
Foley-backed blank-check acquisition firm nears $9 billion Paysafe deal
A blank-check acquisition firm backed by veteran investor Bill Foley is nearing a deal to merge with Paysafe, valuing the payments company at around $9 billion, including debt, people familiar with the matter said on Sunday.
www.ca.reuters.com
December 03 2020
Howard Lutnick’s SPAC is taking smart-glass company public
Smart-glass company View is set to go public through a special purpose acquisition company merger. The company announced Monday it had reached an agreement with a SPAC sponsored by Cantor Fitzgerald. The deal values View at $1.6 billion, according to Bisnow.
www.therealdeal.com
December 03 2020
Barry Sternlicht’s second SPAC Jaws Spitfire Acquisition prices upsized $300 million IPO at $10
Jaws Spitfire Acquisition, the second blank check company led by Starwood Capital founder Barry Sternlicht, raised $300 million by offering 30 million units at $10. The company offered 5 million more units than anticipated. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50.
www.renaissancecapital.com
December 02 2020
Asset managers Dyal Capital and Owl Rock in talks for SPAC merger
Dyal Capital Partners and Owl Rock Capital Group are in talks to merge with a blank-check company, the asset managers said on Wednesday, sending shares in listed subsidiary Owl Rock Capital Corp nearly 10% higher in extended trading.
www.reuters.com
December 01 2020
Gaming Industry Heavyweights Team up to Launch $250m Gold-Standard SPAC Tekkorp Digital
he SPAC market may be flavor of the month on Wall St, but few can boast the credentials of Tekkorp Digital Acquisition Corp (TDAC). Bringing together first-class industry expertise, TDAC announced its $250m initial public offering on the Nasdaq and is now ready to accelerate the future and develop its mission to unlock the potential of fast-growing digital sports, media, entertainment and gaming companies by bringing speed and certainty to the process of becoming public.
www.einnews.com
December 01 2020
Hospitality-focused SPAC Ventoux CCM Acquisition files for a $150 million IPO
Ventoux CCM Acquisition, a blank check company formed by industry veterans and Chardan targeting the hospitality industry, filed on Tuesday with the SEC to raise up to $150 million in an initial public offering.
www.renaissancecapital.com
November 30 2020
Why a SPAC Bubble Is Actually Good for the Economy
In 1720, the English economy was gripped by a speculative mania known as the South Sea Bubble. The hysteria began with a steep rise in the stock price of a government-connected firm called the South Sea Company, but soon investors were happily bidding up stock prices across the board.
www.marker.medium.com
November 30 2020
Corner Ventures’ tech SPAC Corner Growth Acquisition files for a $300 million IPO
Corner Growth Acquisition, a blank check company formed by Corner Ventures targeting tech in the US and developed countries, filed on Monday with the SEC to raise up to $300 million in an initial public offering.
www.renaissancecapital.com