Posts
June 29 2020
My two trading focuses for June have been Special Purpose Acquisition Corporations (SPACs) and electronic vehicles (EVs). The irony is I have never been a fan of Tesla (TSLA) nor did I think anything resembling a reverse merger would catch my interest after the multiple fraudulent Chinese companies that made their way to the markets in that manner many years ago.
www.realmoney.thestreet.com
June 25 2020
Financial services SPAC Fusion Acquisition increases unit offering ahead of $300 million IPO
Fusion Acquisition, a blank check company targeting the financial services industry, increased the proposed unit offering for its upcoming IPO on Thursday.
www.nasdaq.com
June 25 2020
Blank check company to lift F45 onto the NASDAQ
A US-based blank check company will take Australia’s F45 onto the NASDAQ following the completion of a merger, enabling the fitness company to continue on its international expansion path.
www.businessnewsaus.com
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