Blank-check company Seaport Global Acquisition Corp. SGAMU, has filed to go public, as the special purpose acquisition company (SPAC), sponsored by Seaport Global Asset Management LLC, looks to raise about $125 million.
www.marketwatch.com
Why the sports industry is thirsty for SPACs
The SPAC attack has reached the sports industry. If Spotify in 2018 popularized the direct listing—a method of going public with no roadshow, less hype, and no new shares created—Virgin Galactic, DraftKings, and Nikola have ushered in the era of the SPAC (special-purpose acquisition corp), in which a private company merges with an already-public “blank check” company to raise capital and become publicly traded.
www.ca.news.yahoo.com
Kingswood’s financials SPAC Kingswood Acquisition files for a $150 million IPO
Kingswood Acquisition, a blank check company formed by Kingswood targeting the financial services industry, filed on Tuesday with the SEC to raise up to $150 million in an initial public offering.
www.nasdaq.com
SoftBank’s Vision Fund to unveil blank-check company
SoftBank Group’s Vision Fund will lay out plans to launch a blank-check company in the next two weeks, becoming the latest high-profile group looking to raise money from a special-purpose acquisition company.
www.therealdeal.com
Sports and entertainment SPAC Sports Ventures Acquisition files for a $200 million IPO
Sports Ventures Acquisition, a blank check company targeting sports, media, and entertainment, filed on Friday with the SEC to raise up to $200 million in an initial public offering.
www.renaissancecapital.com
Billionaire investor Bill Ackman offers new hints on possible targets for his record-breaking SPAC
Billionaire hedge fund manager Bill Ackman gave new hints at which companies he may target with his record-breaking blank-check firm.
www.markets.businessinsider.com
The Forest Road Company’s SPAC Forest Road Acquisition files for a $250 million IPO
Forest Road Acquisition, a blank check company formed by Forest Road targeting TMT businesses, filed on Thursday with the SEC to raise up to $250 million in an initial public offering.
www.renaissancecapital.com
SHAQ IN A SPAC: O’neal, MLK III Join Media-Focused Blank-Check Firm
Shaq is in a SPAC. Larger-than-life culture icon Shaquille O’Neal is getting in on the hottest transaction in the stock market, as special advisor to a new special purpose acquisition company focused on finding a business in the technology, media and telecommunications field.
www.sportico.com