You Searched For "blank check" and got 20 results
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3 mins read
Legendary investor Jeremy Grantham made an accidental $265 million profit on a SPAC deal after previously criticizing blank-check companies
Despite his gains, Grantham views SPACs as a "reprehensible instrument, and very very speculative b…
Ben Winck
1 min read
Digital-news outfit Vice Media is eyeing a $3 billion SPAC merger - half its worth 4 years ago, report says
That would be a discount from Vice's $5.7 billion valuation four years ago when it secured a $450 m…
Shalini Nagarajan
2 mins read
Elon Musk says the SEC is sometimes too close to Wall Street hedge funds - and it's strange the regulator isn't clamping down more on some SPACs
Around $100 billion has already been raised across US SPACs so far this year, surpassing last year'…
Shalini Nagarajan
2 mins read
There were no new SPAC debuts last week for the first time since March 2020, as signs point to the end of the blank-check craze
Bespoke Investment Group said 20 names in the SPAK ETF have lost roughly 50% since mid-February, wi…
Carla Mozée
2 mins read
The SEC says it's looking closely at the wild earnings projections attached to many SPAC offerings
The SEC said a company would be on "shaky ground" if it disclosed favorable projections and omitted…
Isabelle Lee
2 mins read
Billionaire investor Bill Ackman is eyeing a second SPAC deal even though he will miss his own Q1 timeline to find a first target
Ackman hoped his blank-check firm would find an acquisition target by the end of the first quarter,…
Shalini Nagarajan
3 mins read
The London Stock Exchange is exploring how to lure SPACs to the UK, a report says
More than $48 billion was raised from blank check companies in the US since the start of the year c…
Saloni Sardana
2 mins read
Churchill Capital Corp. founder Michael Klein is raising $1 billion for a new SPAC
Churchill Capital founder Michael Klein is raising money for his eighth SPAC, Altc Acquisition Corp…
Will Daniel
1 min read
SPAC activity may be peaking right now and will slow for the rest of 2021, JPMorgan says
"This year's acceleration in SPAC activity...is more reminiscent of a peak rather than the beginnin…
Emily Graffeo
1 min read
Investment banker Ken Moelis is aiming to raise $1.2 billion from three new SPACs
Investment heavyweight Ken Moelis is planning to raise $1.2 billion from three new SPACs that are b…
Carla Mozée
2 mins read
Billionaire Bernard Arnault is launching a SPAC, as the blank-check boom spreads to Europe
Arnault - who owns brands including Christian Dior, Louis Vuitton and Givenchy - is the latest in a…
Harry Robertson
2 mins read
Colin Kaepernick is getting in on the SPAC game - and is hunting for a $1 billion firm with a social purpose
The quarterback and campaigner Colin Kaepernick's SPAC will have a diverse board, including former …
Harry Robertson
1 min read
BuzzFeed falls 11% in trading debut after going public in merger with blank check firm
The company saw a wave of investor withdrawals before it went public, the Wall Street Journal repor…
Natasha Dailey
2 mins read
Helicopter taxi company Blade to go public via SPAC at near $1 billion valuation
The deal will value Blade at a valuation of about $825 million, according to DealBook, which is wel…
Matthew Fox
2 mins read
Blank-check firm Silver Spike rallies 49% after merging with cannabis-tech platform Weedmaps
The SPAC takeover values the combined entity at $1.5 billion and comes as Democrats push for the fe…
Ben Winck
1 min read
The advisor to the SPAC taking Trump's media firm public is launching its own blank-check company
EF Hutton is looking to raise $125 million via its SPAC, according to a filing. It is targeting fir…
Isabelle Lee
2 mins read
Warren Buffett's great-nephew joins the SPAC boom by listing a $150 million blank-check company
Alex Buffett Rozek, co-CEO and co-chairman of Boston Omaha Corporation, took Yellowstone Acquisitio…
Theron Mohamed
2 mins read
SPAC craze is driven by a frenzy of speculation and may not yield expected returns, legendary short-seller Jim Chanos says
Chanos criticized companies for putting aside metrics such as revenue and earnings, and focusing in…
Shalini Nagarajan
2 mins read
Shaquille O'Neal, former Disney executives, and Martin Luther King Jr.'s son target $250 million SPAC launch
Potential targets for the blank-check firm include intellectual property and "audience aggregation …
Ben Winck
2 mins read
Billionaire investor Bill Ackman offers new hints on possible targets for his record-breaking SPAC
Ackman previously indicated his blank-check company was eyeing "mature unicorns" and "high-quality,…