Posts
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
November 30 2020
ION Investment Group’s SPAC ScION Tech Growth I files for a $500 million IPO
ScION Tech Growth I, a blank check company formed by ION Investment Group targeting technology, filed on Monday with the SEC to raise up to $500 million in an initial public offering.
www.nasdaq.com
November 30 2020
UnitedHealth Founder Plans $300M SPAC to Acquire Businesses Serving Seniors
The founder and former CEO of a major insurer is launching a new “blank check” company with ambitions to acquire businesses that serve the vast market of services for older adults.
www.seniorhousingnews.com
November 30 2020
Smart-glass maker View to go public via $1.6 billion SPAC merger
Smart-glass maker View Inc. said on Monday it would go public through a $1.6 billion merger with a blank-check company sponsored by Cantor Fitzgerald & Co.
www.reuters.com
November 29 2020
Perella Weinberg close to merger talks with blank-check company: FT
Investment bank Perella Weinberg Partners is in advanced discussions to combine with the blank-check company FinTech Acquisition Corp IV, the Financial Times reported here on Sunday, citing people familiar with the matter.
www.reuters.com
November 27 2020
Spring Valley Acquisition Corp. Completes $230 Million Initial Public Offering
Spring Valley Acquisition Corp. (the “Company”), a blank check company sponsored by Pearl Energy Investment II, L.P. (“Pearl”) and formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, today announced the closing of its initial public offering of 23,000,000 units at a price of $10.00 per unit, which includes the exercise in full by the underwriters of their overallotment option to purchase an additional 3,000,000 units.
www.businesswire.com
November 25 2020
Private equity firm’s fintech SPAC Motive Capital files for a $300 million IPO
Motive Capital, a blank check company formed by Motive Partners targeting the fintech sector, filed on Wednesday with the SEC to raise up to $300 million in an initial public offering.
www.renaissancecapital.com