SPAC

For many warehouse automation companies, the time is now to enter the public markets, and that is true for Berkshire Grey, which will likely go public later this month through a reverse merger with special purpose acquisition company (SPAC) Revolution Acceleration Acquisition Corp. (RAAC). A vote...

Sir Richard Branson successfully flew in space as a passenger on the Unity 22 from Virgin Galactic Holdings Inc (NYSE: SPCE). The flight was the fourth crewed trip by the company and another step in taking its 600 future astronauts to space that will pay $200,000 to $250,000 for a seat to space....

The Phoenix Suns are nearing an NBA Championship for the 2020-2021 season, which would be the first title in team history. The Suns are majority-owned by Robert Sarver, but investors can own a piece of the team via a company that went public with a SPAC merger and has plans to own stakes in...

A digital asset company expected to launch a new cryptocurrency exchange announced a SPAC merger Friday morning. The SPAC Deal: Bullish announced it will merge with Far Peak Acquisition Corp (NYSE: FPAC) in a deal valuing the company at a pro forma equity value of $9 billion. A rumor from...

The hosts of Benzinga’s “SPACs Attack” held several SPAC Wars battles featuring companies in similar industries that went public or are going public via SPAC. A battle held June 17 featured Virgin Galactic Holdings Inc (NYSE: SPCE) versus BlackSky, a company merging with...

Electric vehicle company Polestar could be nearing a SPAC deal to go public, according to a report from Bloomberg. The company competes with Tesla Inc (NASDAQ: TSLA) and Lucid Motors, which is going public via Churchill Capital Corp IV (NYSE: CCIV). What Happened: Polestar, an electric vehicle...

A leading digital currency company that created the USD Coin announced a SPAC merger Thursday morning. The SPAC Deal: Circle announced a SPAC merger with Concord Acquisition Corp (NYSE: CND) valuing the company at $4.5 billion. A PIPE of $415 million is included as part of the SPAC merger and...

An MRI scanner on wheels is the highlight of Hyperfine, a company that announced a SPAC merger Thursday morning. The SPAC Deal: Hyperfine Inc and Liminal Sciences are merging with HelathCor Catalio Acquisition Corp (NASDAQ: HCAQ) valuing the company at an enterprise value of $580 million. A $126...

A company that uses concentrated sunlight to provide low-cost solar energy announced a SPAC deal Wednesday. The SPAC Deal: Heliogen announced a merger with Athena Technology Acquisition Corp (NYSE: ATHN) valuing the company at an enterprise value of $2 billion. A PIPE of $165 million includes...

Earth data and analytics company Planet announced a SPAC deal Wednesday. What Happened: Planet is going public in a SPAC merger with dMY Technology Group Inc IV (NYSE: DMYQ) valuing the company at an equity value of $2.8 billion. A PIPE of $200 million included investments from BlackRock, Koch...

A closed-end management investment company offers exposure to several privately held companies, and it could get a bump with another portfolio holding going public.  What Happened: Nextdoor announced a SPAC merger with Khosla Ventures Acquisition II Co (NASDAQ: KVSB) valuing the...

A satellite company working to create searchable earth and remap the globe is going public with a SPAC merger announced Tuesday. The SPAC Deal: Satellogic announced a SPAC merger with CF Acquisition Corp V (NASDAQ: CFV) valuing the company at a pro forma enterprise value of $850 million. The merger...

A social media platform that connects people living in the same neighborhoods announced a SPAC merger to help fund expansion plans. The SPAC Deal: Nextdoor announced a deal with Khosla Ventures Acquisition Co. II (NASDAQ: KVSB) that values the company at a pro forma equity value of $4.3 billion. A...

After a busy June that saw dozens of SPAC merger votes completed, July is shaping up to be another busy month for the SPAC sector. Several of the June mergers saw strong trading patterns after their merger vote, and the de-spacing process had been completed. SPACs could be coming back in...

A mobile gaming company that went public via SPAC received an investment from Activision Blizzard Inc (NASDAQ: ATVI) that was disclosed Thursday night. What Happened: In June, Activision Blizzard took a 12,677,398 share stake in Playstudios Inc (NASDAQ: MYPS), representing an 11.6% stake in the...