Posts
December 07 2021
Better HoldCo Inc., a mortgage and real estate startup backed by SoftBank Group Corp., is pushing back its public listing through a merger with a blank-check firm, according to people with knowledge of the matter, after amending the deal a day before it terminated 9% of its workforce.
www.bloomberg.com
December 02 2021
BuzzFeed News union members plan walkout for same day as SPAC IPO vote
Members of BuzzFeed News’ union said they plan to walk out on the job at noon Thursday, the same day shareholders will vote on whether or not to take BuzzFeed public via a SPAC IPO.
www.axios.com
December 02 2021
Singapore’s First Wave SPACs Said to Move Filing Plans Ahead
Vertex Holdings Ltd., a unit of Singapore state investor Temasek Holdings Pte, and European asset manager Tikehau Capital are preparing to lodge preliminary prospectuses for blank-check company listings in the city-state as soon as next week, according to people with knowledge of the matter.
www.bloomberg.com
December 01 2021
The first (SPAC) has listed in the United Kingdom since the relaxation of rules by the Financial Conduct Authority.
www.iclg.com
December 01 2021
A for-profit prison company is going public via SPAC, raising ESG concerns in the blank-check space
The red-hot SPAC market could have an ESG problem. Securus Technologies, a prison services company that makes profit from charging families of the incarcerated for phone calls, is in talks to go public via merging with Atlantic Avenue Acquisition Corp, according a person familiar with the matter.
www.cnbc.com
November 03 2021
SPAC issuance jumps to the highest since March as deals rush to market before year-end
The SPAC market could be staging a comeback with issuance hitting an eight-month high as the industry continues to ride out regulatory challenges. A total of 57 special purpose acquisition companies began trading in October, the highest amount since March when a record of 109 SPACs were issued, according to SPACInsider and CNBC calculations.
www.cnbc.com
November 03 2021
NBA star Kevin Durant backs $200 million SPAC
Basketball star Kevin Durant is betting on a blank check company. The Brooklyn Nets forward will serve as the co-CEO of Infinite Acquisition Corp, which filed for an initial public offering for $200 million on Wednesday. Infinite will sell 20 million shares at $10 and return money to investors if it doesn’t acquire a company to take public within 24 months. Among the targets: sports, e-commerce, and cryptocurrency companies.
www.cnbc.com
November 02 2021
EF Hutton, the company behind Trump SPAC deal, launches its own SPAC
Less than two weeks after the stock price of a special purpose acquisitions company linked to former president Donald Trump jumped more than 1,000% in just two days before falling back to earth, the company behind that deal is launching its own SPAC.
www.finance.yahoo.com