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The SPAC-bubble collapse triggered a surge in the number of penny stocks. That's not great news for the market.

There are now hundreds of US-listed stocks trading below a dollar. It's creating market inefficienc…

Filip De Mott   


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A score of SPAC merger companies that listed during the boom are warning they probably won't survive much longer

More than 25 companies that listed via blank-check merger over the past two years have warned they …

George Glover   


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Long-term projections by some SPAC stocks are proving to be wishful thinking as Virgin Galactic misses 2021 revenue target by 98%

Nikola said during its SPAC IPO that it expected to generate about $150 million in revenue in 2021.…

Matthew Fox   


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Chamath Palihapitiya among SPAC sponsors asked by senators about potential conflicts of interest

The senators said industry insiders can "take advantage of ordinary investors" such as making "over…

Isabelle Lee   


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Forbes is going public via $630 million SPAC merger with Magnum Opus Acquisition

The transaction, which is expected to close in the fourth quarter or first quarter 2022, will be us…

Isabelle Lee   


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SPAC volatility forces SeatGeek and Billy Beane of 'Moneyball' fame to shelve merger plans as the boom in blank-check deals fades

"Unfavorable" market conditions are "particularly impacting growth technology companies," the SPAC …

Carla Mozée   


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The UK is easing rules around SPACs to entice more listings of the blank-check companies

Revisions to the rules include waiving the suspension of SPAC listings once firms reveal their deal…

Isabelle Lee   


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US IPO activity fell 59% in the 2nd quarter as SPACs dried up following a regulatory crackdown

Special-purpose acquisition company IPOs raised just $6.8 billion in the second quarter compared to…

Harry Robertson   


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The SEC is reportedly looking into conflicts of interest among major banks in the SPAC deal-making process

The SEC has requested information from top SPAC underwriters including Morgan Stanley, Citigroup, a…

Isabelle Lee   


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The $171 billion of US IPOs in 2021 is already a full-year record

There is a slew of hotly anticipated IPOs still to come, with debuts expected from payments firm St…

Isabelle Lee   


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The SPAC boom has cooled off but lawsuits against the blank-check firms are reportedly booming

The report comes as interest in SPACs is waning, as some investors worry the blank-check deals pose…

Ethan Wu   


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Jim Chanos in an interview slammed SPACs for enticing investors to buy 'very bad businesses' and revealed he's shorting several of them

Legendary short-seller Jim Chanos told the Financial Times SPACs use lofty, often misleading projec…

Emily Graffeo   


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SPACs have raised a record $100 billion in 2021, but activity levels have plummeted by more than 80% in recent months

In March 2021, a total of 116 special purpose acquisition companies listed. In April, the number of…

Emily Graffeo   


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Tom Barrack's SPAC withdraws its IPO filing days after the billionaire was arrested and charged with illegal lobbying

Falcon Acquisition filed for a $250 million IPO in March with the goal of targeting tech-driven bus…

Isabelle Lee   


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3 stats that show just how much investor appetite for SPACs has declined

As interest rates climb, most SPACs have underperformed the market, along with other high growth, l…

Emily Graffeo   


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SPAC king Chamath Palihapitiya says higher rates have created a 'wave of destruction' across whole sectors

The famed investor and so-called SPAC king said that the end of zero interest rate policy has creat…

Jennifer Sor   


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Two new ETFs will be purely exposed to post-SPAC public companies - and one of them is going short

"You can decide how you want to play it, from the long side or the short side," said the CEO of Tut…

Natasha Dailey   


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JPMorgan is calling the top for SPACs - and says declining day-trader interest is to blame

"SPACs come and go in waves, as they exhibit boom and bust cycles," JPMorgan said in a Wednesday no…

Matthew Fox   


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Goldman Sachs says it is seeing a "superbloom" of M&A activity as corporations rethink their businesses after the pandemic

David Dubner, Goldman Sachs' global head of M&A, discussed the recent rise in M&A, separation activ…

Will Daniel   


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The red-hot SPAC market is cooling off as first-day trading spikes evaporate

14 out of 15 SPACs that went public last week traded below their $10 IPO price as the red-hot SPAC …

Will Daniel