Posts
June 25 2020
Blank-check company Artius Acquisition files for $525 million IPO
Blank-check company Artius Acquisition Inc. filed for an initial public offering on Thursday, with plans to raise $525 million. The company is planning to sell 52.5 million units priced at $10 each.
www.marketwatch.com
June 24 2020
Asia-focused SPAC Brilliant Acquisition prices $40 million IPO at $10
Brilliant Acquisition, a blank check company targeting an Asia Pacific business, raised $40 million by offering 4 million units at $10. Each unit consists of one share of common stock, one warrant exercisable at $11.50, and one right to receive one-tenth a share of common stock. At pricing, the company commands a market value of $53 million.
www.nasdaq.com
June 23 2020
Ackman seeks $3 billion for largest-ever blank-check company
Billionaire investor William Ackman said on Monday he was looking to raise $3 billion and commit at least $1 billion from his hedge fund Pershing Square Capital Management LP for a new blank-check investment vehicle, the largest of its kind.
www.reuters.com
June 16 2020
ANALYSIS: Fortunes of SPAC, Traditional IPOs Diverge in Pandemic
The fortunes of SPAC initial public offerings ascended while traditional IPOs slumped during the initial three months of the pandemic-induced downturn.
www.news.bloomberglaw.com
June 15 2020
Forum Merger II: Upside Potential When Merging With Ittella, A Plant-Based Food Supplier
Since the beginning of the year, many special purposes acquisition companies (SPACs), including DraftKings (DKNG), Nikola (NKLA), and Virgin Galactic (SPCE), has delivered excellent returns for shareholders.
www.seekingalpha.com
June 15 2020
RA Capital’s SPAC Therapeutics Acquisition files for a $100 million IPO
Therapeutics Acquisition, a blank check company formed by RA Capital targeting the biotech sector, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
www.nasdaq.com
June 11 2020
Pershing Square’s Ackman eyes $1 billion-plus ‘blank-check’ company, sources say
Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management has filed confidentially with U.S. regulators for an initial public offering (IPO) of a blank-check investment vehicle that could raise more than $1 billion and be the biggest of its kind, according to people familiar with the matter.
www.cnbc.com
June 11 2020
Investment firm’s SPAC Capstar Special Purpose Acquisition files for a $200 million IPO
Capstar Special Purpose Acquisition, a blank check company formed by investment firm Capstar Partners, filed on Thursday with the SEC to raise up to $200 million in an initial public offering.
www.renaissancecapital.com