SPAC Mania’s Ugly End Yields $46 Billion of Investor Losses in 2023 December 27, 2023 By Jonathan Randles and Amelia Pollard Wall Street’s affair with blank-check firms, the finance fad that pushed companies onto the stock market during the COVID-19 pandemic,...
Securities Regulators Join Global Network to Explore SPACs September 1, 2021 By Kiuyan Wong Global regulators are teaming up to explore how to regulate blank check company listings after the vehicles earlier this year...
Law Firms Battle Lawsuits Calling for SPAC Regulation August 30, 2021 By Niket Nishant The legal tussle around special purpose acquisition companies (SPACs) intensified on Friday as a group of U.S. law firms hit...
Classic Car Specialist Hagerty to Become Public Company in SPAC Deal August 18, 2021 By Andrew G. Simpson Classic car insurance specialist Hagerty is planning to go public in a deal with special purpose acquisition company Aldel Financial...
Insurance Marketplace Policygenius in Talks to Go Public Via SPAC July 12, 2021 By Gillian Tan and Sonali Basak Policygenius Inc., an online insurance marketplace, is in talks to go public through a merger with the blank-check company PWP...
Argentinian Satellite Data Company to Go Public with Cantor Fitzgerald SPAC July 7, 2021 By Jorgelina do Rosario Satellogic, a Buenos Aires-based company that uses satellites to map the earth, plans to go public after a merger with...
Wall Street in Quandary Over New SPAC Equity Contracts After SEC Crackdown June 10, 2021 By Chris Prentice Wall Street accountants and lawyers are trying to figure out new equity agreements to lure investors back to the blank-check...
‘Cat-Prone’ Startup Kin Insurance in Talks to Go Public With ‘Shark Tank’ Judge’s SPAC May 20, 2021 By Gillian Tan and Crystal Tse Home-coverage startup Kin Insurance is in talks to go public via Omnichannel Acquisition Corp., a special purpose acquisition company led...
SEC Eyes Guidance on SPAC Projections, Clarity on Liability Shield April 28, 2021 By Anirban Sen, Chris Prentice and Joshua Franklin U.S. securities regulator is considering new guidance to rein in growth projections made by listed blank-check companies, and clarify when...
More Assertive SEC Smacks Down SPACs: Viewpoint April 21, 2021 By Chris Bryant, Bloomberg Opinion Investor Jeremy Grantham says special purpose acquisition companies, which raise money in an initial public offering and then find a...