Posts
August 31 2020
Merger Could Help Lidar Firm Scale Up
On 24 August, the Silicon Valley–based lidar development company Luminar Technologies announced that it had entered into an agreement to merge with Gores Metropoulos, Inc., a special-purpose acquisition company (SPAC).
www.osa-opn.org
August 29 2020
DraftKings CEO sounds alarm on SPAC market: ‘Hopefully the market settles down a little bit there’
The SPAC market may be getting frothy. Just like in entertainment, when network executives copycat a hit show format until the market is saturated, investors are flooding the market with special purpose acquisition companies, or SPACs, to scout private companies to take them public.
www.cnbc.com
August 27 2020
NYSE gets approval for cheaper IPO alternative for companies amid SPAC boom
The New York Stock Exchange has won the approval from regulators to allow companies to issue new shares through direct listings, creating a cheaper alternative to the traditional initial public offering.
www.cnbc.com
August 27 2020
Gary Cohn, ex-Trump adviser joins $600 million blank-check company IPO
Cohn Robbins Holdings (CRH), a new blank check company just formed by Gary Cohn and veteran investor Clifton Robbins, raised the proposed deal size for its upcoming IPO on Tuesday. CRH raised $600 million offering 60 million units at $10.
www.usaherald.com
August 26 2020
3D Printing Unicorn Desktop Metal To Go Public In Latest Deal With A Blank Check Company
3D printing unicorn Desktop Metal is the latest company to go public in a deal with a blank check company.
www.forbes.com
August 21 2020
SPAC Colonnade Acquisition prices $200 million IPO at $10
Colonnade Acquisition, a blank check company targeting the energy, real estate, and agricultural industries, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
www.nasdaq.com
August 21 2020
Software SPAC Software Acquisition Group II files for a $150 million IPO
Software Acquisition Group II, the second blank check company led by former Ooyala officers targeting a software company, filed on Friday with the SEC to raise up to $150 million in an initial public offering.
www.nasdaq.com
August 20 2020
Here Comes Another Restaurant SPAC
Sandy Beall, Doug Jacob and Kevin Reddy lead a group of industry veterans that formed a $200 million acquisition company, says RB’s The Bottom Line.
www.restaurantbusinessonline.com