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2 mins read

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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4 mins read

Meme stocks are back in fashion. Here's how to find one.

In today's big story, we're breaking down how to identify a meme stock.

Dan DeFrancesco   


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2 mins read

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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2 mins read

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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1 min read

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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1 min read

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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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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1 min read

Space exploration company Intuitive Machines soars 259% following SPAC merger as investors revive 2021 playbook

Part of its vision includes creating infrastructure needed to sustain life on the moon. The company…

Matthew Fox   


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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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1 min read

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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1 min read

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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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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1 min read

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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1 min read

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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1 min read

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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2 mins read

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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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