Posts
September 02 2020
Cohen & Co’s second SPAC INSU Acquisition II prices upsized $200 million IPO at $10
NSU Acquisition II, the second blank check company formed by Cohen & Company and targeting the insurance industry, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. The Philadelphia, PA-based company originally planned to raise $175 million.
www.nasdaq.com
September 02 2020
Bluescape Opportunities ‘blank-check’ company files for IPO to raise $700 million
Bluescape Opportunities Acquisition Corp. has filed for the initial public offering of stock to raise $700 million. The special purpose acquisition company (SPAC), or “blank-check company,” said it was selling 70 million “units” at $10 each.
www.marketwatch.com
September 02 2020
Oaktree’s second SPAC Oaktree Acquisition II files for a $225 million IPO
Oaktree Acquisition II, the second blank check company led by the head of Oaktree Capital’s Value Equities group, filed on Monday with the SEC to raise up to $225 million in an initial public offering.
www.renaissancecapital.com
August 31 2020
SPACs are just getting started. The “blank check” acquisition funds known as special purpose acquisition companies, or SPACs, have raised more than $30 billion so far this year, versus $13 billion in all of last year.
www.nytimes.com
August 31 2020
SPACs Are The Hot Investment Trend For 2020. Should You Buy Into These Blank-Check Companies?
One pronounced trend for 2020 is the growth of funds flowing to Special Purpose Acquisition Companies (SPACs), sometimes called blank-check companies. SPACs have raised over $20 billion so far this year.
www.forbes.com
August 31 2020
Tech entrepreneurs’ SPAC Reinvent Technology Partners files for a $600 million IPO
Reinvent Technology Partners, a blank check company formed by LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus targeting the tech sector, filed on Monday with the SEC to raise up to $600 million in an initial public offering.
www.nasdaq.com
August 31 2020
$510 Million Deal Will Allow Orange County Home Builder to Go Public
An Orange County-based residential home builder will soon trade in Nasdaq after merging with a New York-based blank check company in a $510 million deal.
www.spectrumnews1.com
August 31 2020
ACON Investments’ sustainability-focused SPAC ACON S2 Acquisition files for a $250 million IPO
ACON S2 Acquisition, a blank check company formed by ACON Investments targeting a sustainable business, filed on Monday with the SEC to raise up to $250 million in an initial public offering.
www.nasdaq.com