Special Purpose Acquisition Company

Fisker Inc (NYSE: FSR), which recently went public via a special purpose acquisition company deal, has traded higher since its New York Stock Exchange Debut. The stock received a charge yesterday after a sell-side analyst took a bullish stance on the electric vehicle stock.  The Fisker Analyst...

The special purpose acquisition company merger momentum continued last week with new deal announcements from dMY Technology Group II (NYSE: DMYD) and GigCapital2 (NYSE: GIX). How SPAC Mergers Work SPACs are shell companiesg that raise capital in an IPO in order to acquire an existing company and...

Pontiac, Michigan-based United Wholesale Mortgage, a wholesale mortgage lender, released third-quarter financial results Tuesday that show closed loan volumes of $54.2 billion, an 81% year-over-year increase. United Heads For Public Markets: This release comes in the wake of United...

The Blackstone Group Inc (NYSE: BX)-backed Finance of America Equity LLC is planning to go public through a merger with a blank check company, the Wall Street Journal reported Monday. What Happened: The consumer-lending platform is expected to merge with special purpose acquisition company Replay...

SoftBank Group Corp. (OTC: SFTBY) Vision Fund CEO Sanjeev Misra said that the Japanese group has plans to launch a special purpose acquisition company in the coming two weeks, Axios reported Monday. What Happened: The initial public offering's formal sponsor would be SoftBank...

San Francisco-headquartered video-sharing and entertainment company Triller Inc is holding talks with a blank check company in an attempt to go public, according to Reuters. Merchant bank Farvahar Partners is reportedly providing advisory services for Triller. What Happened: In addition to the...

The SPAC market continues to heat up with famous investors and former CEOs getting involved. Reid Hoffman and Mark Pincus are behind Reinvent Technology Partners (NYSE:RPU), a new technology SPAC. The Leadership Team: Hoffman and Pincus met in 2002 and have been involved in numerous projects...

Cohn Robbins Holdings Corp, a blank check company co-founded by former presidential economic advisor Gary Cohn and investor Clifton S. Robbins, filed for an initial public offering with the United States Securities and Exchange Commission Tuesday. What Happened: The company will offer 60 million...

After its first successful specialty purpose acquisition company, Tortoise Acquisition Corp. is launching a second SPAC. Tortoise Acquisition Corp. II (NYSE: SNPR) will offer 250 million shares at a price of $10 per share, according to a Monday SEC filing.  Each share will be for one share of...

Canoo Holdings Ltd, an electric vehicle company, announced Tuesday it was going public later in 2020 at a valuation of $2.4 billion and will commence vehicle deliveries by 2020, Reuters reported. What Happened The California-based startup already has a partnership with South Korea’s Hyundai...

The digitized world has proven to be a gauntlet for ambitious startups. Around 90% of all startups fail, meaning that only the most innovative, scrappy, creative companies can make it to IPOs. Silicon Valley venture capital fund Runa Capital frequently makes tough calls like these and boasts an...

Blockchain solutions provider Diginex is planning to go public in the United States through a merger with a special purpose acquisition company, or SPAC, within the current quarter ending in September. What Happened The $300 million reverse merger with 8i Enterprises Acquisitions Corp (NASDAQ...

What Happened: The special purpose acquisition company Graf Industrial Corp (NYSE: GRAF) is in talks to merge with Velodyne Lidar Inc., according to Bloomberg.  The deal would be similar to Nikola Motors' (NASDAQ: NKLA) route to the public markets.  SPACs have taken hold in the market...