Posts
October 21 2020
Outgoing UBS Chief Sergio Ermotti Joins in Blank-Check Boom
he booming club of special purpose acquisition companies just recruited a new, prominent member. Sergio Ermotti, the outgoing chief executive officer of UBS Group AG, has agreed to serve as chairman of Investindustrial Acquisition Corp., a blank-check company, according to a revised prospectus filed Tuesday.
ww.bloomberg.com
October 21 2020
Rice Acquisition Corp. Announces Launch of Initial Public Offering
Rice Acquisition Corp. (the “Company”) announced today that it has commenced its initial public offering (“IPO”) of 20,000,000 units at a price of $10.00 per unit. The Company intends to grant the underwriters a 45-day option to purchase up to an additional 3,000,000 units.
www.globenewswire.com
October 21 2020
An Uber Outcast’s Blank-Check Company Is Set to Go Public
Three years after he was ousted from Uber Technologies Inc. under a cloud of controversy, Emil Michael is back. His latest venture asks investors to buy shares in a company before knowing which business they’re actually backing.
www.bnnbloomberg.ca
October 21 2020
Breakingviews – Could Bill Ackman’s SPAC buy Bloomberg or Airbnb?
The naming of names for Bill Ackman’s special purpose acquisition company just got more interesting. On Tuesday, the New York Post reported that the hedge fund manager’s blank-check vehicle wanted to take a stake in the former New York mayor Mike Bloomberg’s eponymous media empire, something Bloomberg LP dismisses.
www.reuters.com
October 20 2020
SPAC backers’ bid to spread craze to UK faces hurdles
When Mariposa Capital founder Martin Franklin revealed in September that he intends to list a $750 million blank-check company on the London Stock Exchange, it raised the possibility that special-purpose acquisition companies were making a comeback in the UK.
www.pitchbook.com
October 20 2020
Supernova Partners Acquisition Company, Inc. (“Supernova”) announced today the pricing of its upsized initial public offering of 35,000,000 units at a price of $10.00 per unit.
www.prnewswire.com
October 19 2020
The CRE Sector Discovers the Benefits of SPACs
Property Solutions Acquisition Corp. launched a successful IPO in July that raised $230 million. But investors who bought a stake in the “blank check” company are still waiting to see exactly what assets they will end up owning.
www.nreionline.com
October 20 2020
Eldridge Industries’ second SPAC Horizon Acquisition II prices $500 million IPO at $10
Horizon Acquisition II, the second blank check company formed by Todd Boehly of Eldridge Industries targeting the media and entertainment industries, raised $500 million by offering 50 million units at $10.
www.nasdaq.com