Posts
August 07 2020
BowX Acquisition Corp. Announces Closing of $420,000,000 Initial Public Offering
BowX Acquisition Corp. (the “Company”) announced today that it closed its initial public offering of 42,000,000 units at $10.00 per unit. The offering resulted in gross proceeds to the Company of $420 million.
www.globenewswire.com
August 07 2020
Cantor’s second SPAC CF Finance Acquisition II files for a $525 million IPO
CF Finance Acquisition II, the second blank check company formed by Cantor Fitzgerald, filed on Friday with the SEC to raise up to $525 million in an initial public offering.
www.renaissancecapital.com
August 07 2020
Holicity Inc. Announces Closing of $275 Million Initial Public Offering
Holicity Inc. (the “Company”) announced the closing today of its initial public offering of 27,500,000 units at a price of $10.00 per unit. The units are listed on the NASDAQ Stock Exchange (NASDAQ) and began trading under the ticker symbol “HOLUU” on August 5, 2020.
www.businesswire.com
August 07 2020
Fintech SPAC FTAC Olympus Acquisition files for a $750 million IPO
FTAC Olympus Acquisition, the fourth blank check company formed by management of The Bancorp to acquire a fintech busines, filed on Friday with the SEC to raise up to $750 million in an initial public offering.
www.renaissancecapital.com
August 07 2020
The CEO who made one of Silicon Valley’s worst acquisitions wants a $400 million blank check
he blank-check bonanza has already reached mind-boggling heights, but now we seem to have jumped the shark. A preliminary prospectus was filed last week by a company called Burgundy Technology Acquisition Corp. seeking to raise $400 million for a special-purpose acquisition company, or SPAC.
www.marketwatch.com
August 06 2020
Why 2020 is the year of the SPACs (And what the heck is a SPAC?)
Lordstown Motors is the latest high-profile company that plans to go public by merging with a special purpose acquisition company or SPAC. These types of so-called blank check or reverse merger deals used to be an object of scorn on Wall Street. Now they’re all the rage.
www.cnn.com
August 03 2020
How a Slew of EV Startups Are Fueling ‘Blank Check’ SPAC Company Stock
Over the past few months, a slew of electric vehicle startups with little track record of making cars have sent the stock of barely known “blank check” companies, or special purpose acquisition firms (SPACs), soaring by forming reverse mergers with these companies to raise funds from the public market.
www.observer.com
August 03 2020
Processor Paya Will Go Public Via a So-Called SPAC Merger
Payments provider Paya Inc. today announced a merger with special acquisition merger company (SPAC) FinTech Acquisition Corp III. The merger is being consummated as part of Atlanta.-Ga.based Paya’s plans to take the company public. Currently, the company is owned by private-equity firm GTCR LLC.
www.digitaltransactions.com