SPAC

The SEC has been circling around SPACs in 2021. The company’s pressure on how warrants were recognized by companies led to a backlog of deal votes and company’s set to publicly list. Two SPAC deals have been targeted by the SEC in a move that could change the SPAC market. Pershing...

A SPAC deal announced Monday could help accelerate the manufacturing of a promising weight loss drug targeting over 150 million people.  The SPAC Deal: Gelesis announced a SPAC merger with Capstar Special Purpose Acquisition Corp (NYSE: CPSR). The deal values the company at a pro forma market...

A disruptive cloud manufacturing and supply chain company announced plans to go public Monday.  The SPAC Deal: Fast Radius announced a SPAC merger with ECP Environmental Growth Opportunities Corp (NASDAQ: ENNV). The deal values the company at a post-transaction equity value of $1.4 billion. A...

Homeowner’s insurance company Kin Insurance announced a SPAC merger Monday to accelerate the company’s growth into new states and expand its direct-to-consumer platform. The SPAC Deal: Kin Insurance announced a SPAC merger with Omnichannel Acquisition Cop (NYSE: OCA) valuing the company...

Billionaire investor Bill Ackman's SPAC Pershing Square Tontine Holdings (NYSE: PSTH) said on Monday it is no longer pursuing a deal to buy 10% of Universal Music Group, a unit of Vivendi SE (OTC: VIVHY). What Happened: Ackman-led special purpose acquisition company had last month...

This week, we're playing back what some participants in the Autonomous & Electric Vehicles Summit had to say about the sector's future, chronicling the growth in Nikola's dealer network and checking out a very cool new Lego ruck. Summit Voices On Autonomous Trucking's Future FreightWaves...

PACCAR Inc. and Volvo Group are among investors in a special purpose acquisition company (SPAC) that plans to bring self-driving technology company Aurora Innovation public at a $10.6 billion enterprise valuation, the second-highest of four startups seeking to trade on public markets. Aurora,...

If you collect trading cards or World Cup stickers, chances are you’ve heard of the 60-year-old Italian company Panini. Rival Topps announced a SPAC deal earlier this year, and Panini could also be taking the same route to go public. What Happened: Panini is in talks to go public...

A barbecue retailer backed by one of the most famous brother duos in NFL history could announce a SPAC merger soon. What Happened: BBQGuys is exploring a SPAC merger with Velocity Acquisition Corp (NASDAQ: VELO), according to Bloomberg. BBQ Guys sells grills, outdoor kitchens and accessories online...

On its first day of trading under its new name and ticker after a SPAC merger, shares of Wheels Up (NYSE: UP) are soaring. What Happened: “We now have 170 planes in our first-party business, another 170 planes in second-party business,” Wheels Up CEO Kenny Dichter said. Dichter...

After a shortened holiday week, the IPO market is heating back up with some big names filing to go public and the debut of many companies. Here is a look at some of the biggest IPOs for investors to watch. Phillips Edison & Company: One of the nation’s largest owners of grocery-...

A leading solar power and energy storage company is going public with a SPAC partner that could help cross-sell its products across the country. The SPAC Deal: Altus Power announced a SPAC merger with CBRE Acquisition Holdings Inc (NYSE: CBAH), a SPAC from CBRE Group Inc (NYSE: CBRE). The...

A pre-production lithium battery supplier with key automotive investors announced a SPAC merger Tuesday. The SPAC Deal: SES is merging with Ivanhoe Capital Acquisition Corp (NYSE: IVAN) in a deal valuing the company at a pro forma equity value of $3.6 billion. The SPAC merger will create the first...

One of the largest SPAC deals of all time was announced Monday morning with MSP Recovery announcing a merger. The SPAC Deal: MSP Recovery announced a SPAC merger with Lionheart Acquisition Corp II (NASDAQ: LCAP) valuing the company at a pro forma enterprise value of $32.6 billion. There was not a...