| Date | Title | Description |
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| Jun 28, 2022 | Seattle SPAC suffering: Shares of companies that went public via SPAC fall more than 50% | Seattle companies that went public via SPAC have seen their share prices drop significantly.
The four Seattle businesses that went public during the SPAC boom have sputtered amid the broader economic downturn.
Porch, Nautilus Biotechnology,... |
| Jun 13, 2022 | Electric Last Mile Solutions to file for bankruptcy | Commercial EV maker Electric Last Mile Solutions said Monday that it will file for bankruptcy, the first among a spate of troubled EV manufacturer SPACs to go out of business.
Electric Last Mile Solutions, which went public in June 2021 thr... |
| Jun 2, 2022 | SPAC volatility forces SeatGeek and Billy Beane of 'Moneyball' fame to shelve merger plans as the boom in blank-check deals fades | A merger deal between SeatGeek and the SPAC run in part by famed baseball manager Billy Beane has been terminated.
SeatGeek and RedBall Acquisition cited market volatility as a reason for ending the agreement.
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A merger deal be... |
| May 30, 2022 | EV SPACS Could Face New Regulatory Speed Bumps Set by SEC | Joaquin Victor Tacla, Tech Times 30 May 2022, 02:05 am
The past two years saw electric vehicle startups merging with a publicly traded shell company, but SEC's new regulations could place a few speed bumps for these companies to becoming an... |
| May 29, 2022 | EV SPACs are facing a new regulatory speed bump | It’s been a bumpy road for the electric vehicle startups that rushed to go public over the past two years by merging with a publicly traded shell company.
Now, the SEC’s broadest attempt to crackdown on these so-called reverse mergers could... |
| May 5, 2022 | Even with SPACs in sharp decline, this Seattle investment bank remains bullish on finding a robotics target | Jamie Boyd. (LinkedIn Photo)
PITTSBURGH — SPACs are suffering. But Cascadia Capital still feels confident about finding a deal.
The Seattle investment bank raised $150 million last year for a new special purpose acquisition company, or SPAC... |
| Mar 23, 2022 | Are SPAC mergers still a healthy option for tech companies aiming to go public? | For investors who hold stakes in private companies, initial public offerings provide a way to cash out and gain returns on their ventures. However, conventional IPOs are complicated and time-consuming. When companies are motivated to acquir... |
| Mar 9, 2022 |
What Is a SPAC? Your Questions Answered | What is a SPAC? The highlights:
SPAC stands for special purpose acquisition company.
A SPAC is a newly created shell company formed by a group of investors called sponsors.
Sponsors raise funds for the SPAC through in initial public offerin... |
| Dec 17, 2021 | SPAC & Spin: SEC's Gensler Aims to Shine Up SPAC Disclosure | Roughly six months after telling Congress that regulators would explore new rules for SPACs, Securities and Exchange Commission Chair Gary Gensler is giving a clearer picture of his views.
As a refresher, a SPAC or special purpose acquisiti... |
| Nov 3, 2021 | EF Hutton, the company behind Trump SPAC deal, launches its own SPAC | Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning.
Less than two weeks after the stock price of a special purpose acquisitions company linked to former president Donald Trump jumped more than 1... |
| Nov 3, 2021 | NBA star Kevin Durant aims to raise $200 million with new SPAC | Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning.
Brooklyn Nets forward Kevin Durant is the latest celebrity to back a blank check company, amid a frenzy of special purpose acquisition compani... |
| Oct 21, 2021 | Investors drive up Trump-linked SPAC by more than 350% in one day | Subscribe to Fortune Daily to get essential business stories delivered straight to your inbox each morning.
Wall Street and Main Street investors are racing to bet on former President Donald Trump’s newest venture.
Or at least, day trading ... |
| Oct 14, 2021 | Schultze Special Purpose Acquisition II : Announces Pricing of $150 Million Initial Public Offering - Form 8-K | Schultze Special Purpose Acquisition Corp. II Announces Pricing of $150 Million Initial Public Offering
RYE BROOK, NEW YORK, Oct. 07, 2021 (GLOBE NEWSWIRE) -- Schultze Special Purpose Acquisition Corp. II (the "Company"), a specia... |
| Oct 8, 2021 | Schultze Special Purpose Acquisition II : Announces Pricing of $150 Million Initial Public Offering | RYE BROOK, NEW YORK, Oct. 07, 2021 (GLOBE NEWSWIRE) -- Schultze Special Purpose Acquisition Corp. II (the “Company”), a special purpose acquisition company, today announced the pricing of its initial public offering of 15,000,000 units at a... |
| Jun 9, 2021 | Sujal Patel-led Nautilus Biotechnology goes public as it tackles ambitious plan to analyze proteins | Nautilus Biotechnology co-founders Sujal Patel (left) and Parag Mallick. (Nautilus Photo)
Nautilus Biotechnology is emerging as Seattle’s newest publicly traded company this week, taking advantage of the mania over SPACs to raise $345 milli... |
| Apr 14, 2021 | A VC whose portfolio companies have raised over $1 billion breaks down the unique advantages a SPAC exit provides — and shares how retail investors can profit from the white-hot market without giving in to FOMO | The pace of SPAC deals in 2020 is sustainable for several years, says Mike Murphy. Paulo Whitaker/Reuters This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
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A white-hot SPAC marke... |
| Apr 9, 2021 | SPAC Frenzy Takes Hold of Asia | After explosive growth in the US, the craze surrounding special purpose acquisition companies, or SPACs, is now heading to Asia. Analysts believe that Southeast Asia, where the tech startup scene has thrived on economic growth and a need to... |
| Apr 2, 2021 | Bill Gates says companies have gone from staying private too long to going public too soon and that he’s avoiding ‘low quality’ SPACs | Bill Gates believes some companies may be going public too soon amid a SPAC boom.
The billionaire said he will be sticking to “higher quality” SPACs in this environment.
Gates emphasized the need for “extreme” disclosures to protect investo... |
| Apr 2, 2021 | Bill Gates says companies have gone from staying private too long to going public too soon and that he's avoiding 'low quality' SPACs | Bill Gates believes some companies may be going public too soon amid a SPAC boom.
The billionaire said he will be sticking to "higher quality" SPACs in this environment.
Gates emphasized the need for "extreme" disclosure... |
| Mar 24, 2021 | Billionaire investor Barry Sternlicht says the SPAC market is ‘out of control’ and Wall Street won’t regulate because they are making too much money | Billionaire investor Barry Sternlicht, CEO and Chairman of Starwood Capital. Brad Barket/Getty Images
Billionaire investor and SPAC sponsor Barry Sternlicht says the SPAC market is “out of control.”
Sternlicht explained how some SPAC sponso... |
| Mar 24, 2021 | Billionaire investor Barry Sternlicht says the SPAC market is 'out of control' and Wall Street won't regulate because they are making too much money | Billionaire investor and SPAC sponsor Barry Sternlicht says the SPAC market is "out of control."
Sternlicht explained how some SPAC sponsors aren't doing their due diligence in a CNBC interview.
"If you can walk, you can do a... |
| Feb 22, 2021 | ATIF HOLDINGS LIMITED
ATIF Holdings Limited : Establishes Special Purpose Acquisition Company Department To Plan Establishment of SPAC To Fundraise Via IPO To Acquire Company With High Growth Potential | LOS ANGELES, Feb. 22, 2021 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF, the "Group" or "ATIF" ), a holding group providing business and financial consulting in Asia and North America, has established a Special Pu... |
| Feb 22, 2021 | ATIF Holdings Limited : Establishes Special Purpose Acquisition Company Department To Plan Establishment of SPAC To Fundraise Via IPO To Acquire Company With High Growth Potential | LOS ANGELES, Feb. 22, 2021 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF, the "Group" or "ATIF" ), a holding group providing business and financial consulting in Asia and North America, has established a Special Pu... |
| Feb 18, 2021 | Colin Kaepernick Is Raising A $287 Million Social Justice SPAC | RIVERDALE, GA - NOVEMBER 16: Colin Kaepernick looks to make a pass during a private NFL workout held ... [+] at Charles R Drew high school on November 16, 2019 in Riverdale, Georgia. Due to disagreements between Kaepernick and the NFL the l... |
| Feb 18, 2021 | Colin Kaepernick Is Raising A $287 Million Social Justice SPAC | Originally published by Kori Hale, Forbes |
| Feb 16, 2021 | UBS investment banking co-president Robert Karofsky will become sole head following the departure of Piero Novelli | UBS' co-president of investment banking, Robert Karofsky, will become its sole head, the bank announced Monday.
Current investment banking co-president Piero Novelli will step down at the end of March.
Under Karofsky, UBS has pushed to brin... |
| Jan 26, 2021 | United Wholesale Mortgage went public via the largest blank-check deal to date. CEO Mat Ishbia explains how he went from knowing zero about SPACs to a $16 billion valuation in just 9 months. | United Wholesale Mortgage President and CEO Mat Ishbia. Mat Ishbia This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
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United Wholesale Mortgage went public on January 22 in a $16 ... |
| Jan 21, 2021 | SCP & CO Healthcare Acquisition Company, a SPAC focused on acquiring a digital health business, announces pricing of upsized $200 million initial public offering | |
| Oct 12, 2020 | SoftBank Plans To Launch SPAC | 11 Shares Email Facebook Twitter LinkedIn
Japanese investment conglomerate SoftBank is getting in on the special purpose acquisition company, or SPAC, bandwagon, Axios reported Monday.
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Plans were revealed d... |
| Oct 5, 2020 | Why SPACs Are Exploding, A CEO’s Take | SPACs are seeing increasing attention, what's the benefit for companies? Photographer: Jin ... [+] Lee/Bloomberg BLOOMBERG NEWS |
| Sep 28, 2020 | From The Editor’s Desk: Two Direct Listing Debuts to Watch This Week | 7 Shares Email Facebook Twitter LinkedIn
After cloud warehouse giant Snowflake’s soaring IPO a couple of weeks ago, I waited for a familiar critic to chime in. Sure enough, venture capitalist Bill Gurley unfurled a long Twitter thread later... |
| Sep 28, 2020 | From The Editor’s Desk: Two Direct Listing Debuts to Watch This Week | 8 Shares Email Facebook Twitter LinkedIn
After cloud warehouse giant Snowflake’s soaring IPO a couple of weeks ago, I waited for a familiar critic to chime in. Sure enough, venture capitalist Bill Gurley unfurled a long Twitter thread later... |
| Nasdaq closes out its first four-quarter slump since dot-com crash | The Nasdaq closed out its worst year since 2008 and is mired in a downturn that’s drawing many comparisons to the dot-com crash.
“It’s really hard to be positive on tech right now,” said Gene Munster, managing partner at Loup Ventures.
The ... |
| Minorities and women are finally getting a seat at the IPO underwriting table | JPMorgan is working on a database of women and minority-owned firms that clients will be able to use to vet underwriters for IPOs and other deals.
The project stemmed from work done by Tigress Financial CEO Cynthia DiBartolo.
In July, Tigre... |
| Ark Invest’s Cathie Wood: ‘Too much money’ is chasing too few good opportunities in SPACs | Ark Invest’s Cathie Wood on Tuesday raised concerns about investors pouring cash into speculative SPAC deals.
“We think there will be some accidents in the SPAC space given how much money has been thrown at it,” Wood said during an Ark Inve... |
| Short sellers have ramped up their bets against SPACs. A hedge-fund manager breaks down his approach — and explains why he's betting against a SPAC merger that has plunged 25% this year. | George Livadas is the founder of long/short equity hedge-fund Upslope Capital Management. Upslope Capital Management This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
George Livadas is the ... |