Posts
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
August 03 2020
Life science investment firm’s SPAC HighCape Capital Acquisition files for a $100 million IPO
HighCape Capital Acquisition, a blank check company formed by HighCape Capital targeting the life sciences industry, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
www.renaissancecapital.com
August 03 2020
Ohio-based Lordstown Motors is going public via a reverse-merger with “blank check” company DiamondPeak Holdings in a deal that values the electric vehicle maker at $1.6 billion.
www.msn.com
August 03 2020
Veteran investor Bill Foley to raise $1.2 billion via new blank check company
Veteran investor Bill Foley is seeking to raise $1.2 billion through the initial public offering (IPO) of a new blank check company, months after raising $1 billion through another special purpose acquisition company (SPAC).
www.reuters.com
July 31 2020
If a deal is available, RedBird Capital can prove SPACs will work in sports
RedBird Capital is betting a sports-only special purpose acquisition company will work – if the firm can spot a good prospect it believes it can flip.
www.cnbc.com
July 31 2020
Boxer Capital’s SPAC BCTG Acquisition files for a $125 million IPO
BCTG Acquisition, a blank check company formed by Boxer Capital targeting the biotech industry, filed on Friday with the SEC to raise up to $125 million in an initial public offering.
www.nasdaq.com