Posts
October 27 2020
Tekkorp, the new SPAC on the block
Pointing out an unsustainable investment frenzy is a thankless task. By its very nature, a frenzy means that there is easy money to be made.
www.calvinayre.com
October 27 2020
Sustainable rubber ingredient maker Bolder in talks to go public
Bolder Industries has signed a letter of intent (LOI) to merge with blank-check acquisition company GigCapital2 Inc GIX.N in a deal that would take the U.S. sustainable rubber ingredient manufacturer public and value it at $880 million, including debt, the two companies said on Tuesday.
www.reuters.com
October 26 2020
General Catalyst-backed blank-check firm looks to raise up to $500 million in IPO
A blank-check firm backed by General Catalyst is looking to raise up to $500 million in its initial public offering, making it the latest venture capital firm to file for a special purpose acquisition company.
www.reuters.com
October 26 2020
The Gores Group’s SPAC Gores Holdings VI increases deal size by 75% ahead of $525 million IPO
Gores Holdings VI, a sixth blank check company formed by The Gores Group, raised the proposed deal size for its upcoming IPO on Monday.
www.nasdaq.com
October 26 2020
Lordstown Motors Jumps in SPAC Debut on Nasdaq
Shares of electric-vehicle maker Lordstown Motors RIDE raced out of the gate, then pared the gains in their public debut on the Nasdaq.
www.thestreet.com
October 26 2020
Genius Sports in Talks to Go Public Through SPAC
Genius Sports Group is nearing a deal to go public through a merger with DMY Technology Group Inc. II, a blank-check firm led by former EMC Corp. executive Harry You and former Glu Mobile Inc. Chief Executive Officer Niccolo De Masi, according to people with knowledge of the matter.
www.bloomberg.com
October 26 2020
Blank-check firm backed by billionaire Charles Ergen cuts IPO size
CONX Corp, a blank-check company led by billionaire Charles Ergen, downsized its initial public offering on Monday, the latest special-purpose acquisition company (SPAC) to cut its offering size in recent weeks.
www.reuters.com
October 24 2020
Where Did All These SPACs Come From And Could They Inflate A New Bubble?
A SPAC, or special purpose acquisition company, is a shell company with no operations of its own set up to take another company public without going through the traditional IPO process. The idea is to group a series of retail investor funds to finance a merger or a leveraged acquisition within a set period.
www.forbes.com