Posts
November 18 2020
UK electric vehicle maker Arrival is going public via SPAC at a $5.4 billion valuation
British electric vehicle start-up Arrival announced Wednesday that it will go public through a merger with a U.S. blank-check company. This year has seen a flurry of SPACs, or special purpose acquisition companies, come to market as businesses have shunned the traditional initial public offering process.
www.cnbc.com
November 18 2020
Hemp maker-backed blank-check firm looks to raise $100 mln in IP
Adara Acquisition Corp, a blank-check firm sponsored by hemp producer cbdMD Inc and private equity firm Blystone Donaldson, on Wednesday filed paperwork for a $100 million initial public offering on the New York Stock Exchange.
www.reuters.com
November 17 2020
GCM Grosvenor Announces Completion of Business Combination
GCM Grosvenor, a global alternative asset management firm, and CF Finance Acquisition Corp. (“CFAC”) (NASDAQ: CFFA) announced today that they have completed their business combination. The Class A common stock of the combined company, which will operate as GCM Grosvenor Inc., is scheduled to begin trading on The Nasdaq Capital Market under the ticker “GCMG” beginning on November 18, 2020.
www.tribuneledgernews.com
November 16 2020
Highland Capital Partners’ SPAC Highland Transcend Partners I files for a $250 million IPO
Highland Transcend Partners I, a blank check company formed by Highland Capital Partners targeting disruptive commerce, digital media, and enterprise software, filed on Monday with the SEC to raise up to $250 million in an initial public offering.
www.nasdaq.com
November 16 2020
Former NYSE President’s fintech SPAC Far Peak Acquisition files for a $550 million IPO
Far Peak Acquisition, the second blank check company formed by former NYSE President Tom Farley to acquire a fintech, filed on Monday with the SEC to raise up to $550 million in an initial public offering.
www.renaissancecapital.com
November 16 2020
Technology-focused SPAC Trepont Acquisition I files for a $200 million IPO
Trepont Acquisition I, a blank check company targeting the technology industry, filed on Monday with the SEC to raise up to $200 million in an initial public offering.
www.nasdaq.com
November 16 2020
Zanite Acquisition Corp. Announces Pricing of $200,000,000 Initial Public Offering
Zanite Acquisition Corp. (“Zanite” or the “Company”) announced today that it priced its initial public offering of 20,000,000 units at $10.00 per unit. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant.
www.businesswire.com
November 16 2020
Scooter-Rental Firm Bird Rides Inc. In Talks To Go Public Via A SPAC