Special Purpose Acquisition Company

Venture capitalist Chamath Palihapitiya sparked debate on social media by polling followers about launching another Special Purpose Acquisition Company (SPAC), with 70.7% of 55,458 respondents voting “no” amid warnings about his troubled SPAC track record. What Happened: The former...

John Hempton, short-seller founder and CIO at Bronte Capital, indirectly took a jab at "SPAC King" Chamath Palihapitiya Tuesday over his past endeavors and dealings. What Happened: In response to a tweet by Palihapitiya praising the worth of "disagreeable" individuals...

Neurodegenerative diseases-focused Aprinoia Therapeutics has announced a business combination with Ross Acquisition Corp II (NYSE: ROSS), a special-purpose acquisition company founded by former Commerce Secretary Wilbur Ross, at an equity value of $280 million. ...

Gores Guggenheim Inc (NASDAQ: GGPI) was soaring up more than 13% on Friday, heavily outpacing the general market, which saw the S&P 500 trading up about 0.7%. The special purpose acquisition company (SPAC) is expected to merge with Polestar this month and list as a public company on the...

Digital World Acquisition Corp (NASDAQ: DWAC), a special purpose acquisition company associated with Trump Media & Technology Group (TMTG), reportedly reached out to investors for the purposes of obtaining backing for private investment in public equity (PIPE) transactions. TMTG was...

Compass Diversified Holdings (NYSE: CODI) has agreed to sell its majority-owned subsidiary, Compass AC Holdings, Inc., the parent company of Advanced Circuits, Inc., to Tempo Automation, Inc. In connection with the deal, Tempo Automation entered into a definitive merger agreement...

The month of October marks a slowdown in SPAC merger deal votes, but the calendar does include several multibillion-dollar deals. SPAC merger votes can act as a catalyst, as it completes the last step in the merger process and also changes the company over to a new name and ticker that can help...

Apple Inc (NASDAQ: AAPL) represents a $4 billion opportunity for its experiential commerce partner Enjoy Technology Inc, as per Loup Ventures Managing Partner Gene Munster. What Happened: The startup, which does mobile deliveries for Apple, AT&T Inc (NYSE: T) and others, expanded...

Hotel-deal booking specialists HotelPlanner and Reservations.com are close to signing a merger deal and go public via Astrea Acquisition Corp (NASDAQ: ASAX), a special purpose acquisition company, The Wall Street Journal reported on Monday.  What Happened: The deal estimated to be valued at $...

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...

Pershing Square Tontine Holdings (NYSE: PSTH), a blank-check firm owned by billionaire investor William Ackman said on Sunday it is buying 10% of Universal Music Group, a unit of Vivendi SE (OTC: VIVHY), for about $4 billion. What Happened: Universal Music Group, which is home to artists such as...

FTAC Olympus Acquisition Corp (NASDAQ: FTOC), the blank-check firm which is set to take Payoneer public later this year could be under investors' radar on Monday as Israel’s new Prime Minister Naftali Bennett is reportedly an early investor in the payment-based fintech startup. What...

Vicarious Surgical Inc. announced a SPAC merger on Thursday that will bring the next-gen robotics company to the public markets. The SPAC Deal: Vicarious Surgical is going public via a SPAC merger with D8 Holdings Corp (NYSE: DEH). The SPAC deal assigns an enterprise value of $1.1 billion to...

Polestar, the premium Swedish electric car company owned by Volvo Cars Group and China’s Zhejiang Geely Holding Group Co (OTC: GELYF) said on Thursday it has raised $550 million from a group of long-term financial investors and is in talks with global investors to raise more funds. What...

Online used-car seller Cazoo Holdings Ltd said on Monday it plans to go public through a merger with a blank check company Ajax I (NYSE: AJAX) in a deal that values the combined company at $7 billion. What Happened: The deal includes up to $805 million Ajax cash in trust and the company expects to...