SPAC

Benzinga routinely examines a stock that might be considered a little under the radar. The company may not be well-known, but chances are the line of work it’s in is pretty familiar.  This is called the “thing behind the thing.” A company that provides end-to-end technology...

An autonomous trucking company going public via SPAC shared details of a successful driverless highway test. What Happened: Plus, which is going public via the SPAC Hennessy Capital Investment Corp V (NASDAQ: HCIC), has completed a driverless Level 4 truck demonstration on a highway. The test...

A leader in technology for financial markets announced going public via a SPAC merger Wednesday. The SPAC Deal: Pico announced a SPAC deal with FTAC Athena Acquisition Corp (NASDAQ: FTAA). The deal values the company at a pro forma enterprise value of $1.4 billion. A fully funded $200 million PIPE...

Retail broker Robinhood went public last week and opened down on its first day of trading. Robinhood Markets Inc (NASDAQ: HOOD) priced shares at $38 and was valued at $32 billion in its initial price offering. The company had 31 million users according to recent reports. After getting the attention...

One of the hottest cryptocurrencies of 2021 was added to a leading retail broker on Thursday, which could boost shares of a company going public via SPAC. What Happened: eToro, a company set to merge with FinTech Acquisition Corp V (NASDAQ: FTCV), added Shiba Inu coin (CRYPTO: SHIB) to its platform...

A company that specializes in men’s grooming products is in talks to go public via SPAC. Here are the details on the potential merger of Manscaped and what investors should know about the company. What Happened: Manscaped, a company that focuses on “below the waist hygiene” is in...

The debut of Lucid Group Inc (NASDAQ: LCID) trading this week marks another electric vehicle company going public via SPAC merger. The hosts of Benzinga’s “SPACs Attack” featured two prominent electric vehicle companies — Lucid Group and Faraday Future — focused...

Swvl announced a SPAC deal Wednesday with Queen’s Gambit Growth Capital (NASDAQ: GMBT), the first SPAC led by women. The deal values the company at a $1.1 billion pro forma enterprise value, making Swvl the first unicorn ($1 billion-plus) from the Middle East to list on the Nasdaq. The PIPE...

A leading Pan-European charging company for electric vehicles announced a SPAC deal Wednesday with plans to continue expansion in the fast-growing market. The SPAC Deal: Allego announced a SPAC deal with Spartan Acquisition III Corp (NYSE: SPAQ). The deal values the company at an enterprise...

An advertising company that uses machine learning announced a SPAC merger to go public Tuesday morning. The SPAC Deal: AdTheorent announced it will go public with MCAP Acquisition Corporation (NASDAQ: MACQ). The deal values the company at an enterprise value of $775 million. An oversubscribed PIPE...

One of the year's most highly anticipated SPAC mergers was approved Friday morning. What Happened: All shareholder proposals were approved between Churchill Capital Corp IV (NYSE: CCIV) and Lucid Motors. The companies held a special meeting Friday with additional votes needed for...

Cvent is returning to the public markets with a SPAC deal announced Friday. The SPAC Deal: Cvent announced a SPAC merger with Dragoneer Growth Opportunities Corp. II (NASDAQ: DGNS) valuing the company at $5.3 billion. Among the PIPE investors is Zoom Video Communications Inc (NASDAQ: ZM). “We...

Beachbody Company Inc. (NYSE: BODY) has joined Clover Health Investments Corp. (NASDAQ: CLOV), Cleveland-Cliffs Inc. (NYSE: CLF) and AMC Entertainment Holdings Inc. (NYSE: AMC) as the stocks seeing the highest interest on Reddit’s r/WallStreetBets forum, while SPDR S&P 500 ETF Trust...

Many public companies have invested in SPAC deals via the PIPE financing. The latest could be Zoom Video Communications Inc (NASDAQ: ZM) in a move to boost its live events strategy. What Happened: Earlier this week, the Wall Street Journal reported event management company Cvent was in talks...

The largest e-commerce platform for higher-end BBQ grills and outdoor living products is going public with a SPAC deal announced Tuesday. The SPAC Deal: BBQGuys announced a SPAC merger with Velocity Acquisition Corp (NASDAQ: VELO). The deal values the company at an enterprise value of $839 million...