by Chris Bryant Bill Ackman’s decision to return $4 billion to investors rather than pursue a controversial SPAC deal shows admirable restraint. But it’s unlikely to appease the risk-taking gamblers flocking to Pershing Square’s Tontine (better known as PSTH) company. Not only did it fail to pull off an attractive merger, but amateur investors got […]
Tag: SPAC
The big deal through Nasdaq with Greek signature
Of Leonida Stergiou Behind the global lockdowns, closed airports, hotels and restaurants, during the 2020 pandemic, some saw opportunities. And they were right. Among those who saw the opportunities in tourism and technology companies in the industry, but also in the dynamics of special purpose vehicles (SPAC-Special-purpose acquisition company) in the US market, were the […]
LVMH Arnault is preparing to list a second SPAC
France’s richest man, Bernard Arnault, and former UniCredit chief Jean Pierre Mustier plan to list another “white check” company, also known as SPAC, raising € 200 million, according to Reuters, citing the managers of the offer book. Earlier this year, the “duo” raised 0.5 billion euros through the special purpose acquisition company (SPAC) Pegasus Acquisition […]
Shares Of Michael Klein’s SPAC CCIV Crash As Lucid Motors Confirms Merger Deal
Lucid Motors and Michael Klein’s SPAC Churchill Capital Corp IV formally announced their merger Monday night which sent the SPAC’s shares tumbling as much as 40%. Lucid Motors revealed high hopes for rapid revenue growth by 2026 and positive earnings before interest and taxes by 2025.
23andMe To Go Public In $3.5 Billion Deal Via Richard Branson’s SPAC VG Acquisition Corp
Biotechnology firm 23andMe has decided to go public via Richard Branson-backed SPAC, VG Acquisition Corp. The deal values 23andMe at $3.5 billion and the existing shareholders will own 81% of the resulting firm.
Proterra To Go Public Via SPAC ArcLight Clean Transition Corp
North American electric bus leader Proterra has agreed to go public through a special purpose acquisition company, ArcLight Clean Transition Corp. The deal values Proterra at $1.6 billion. Proterra shareholders will continue to own more than 60% of the combined entity.
Lucid Motors To Potentially Go Public Via SPAC CCIV
EV maker Lucid Motors is said to be discussing going public via a Michael Klein- backed SPAC. The deal would be worth $15 billion. Post the news, shares of the SPAC, Churchill Capital IV jumped 40%, closing at $13.2 Monday.
EVBox To Become Public Through SPAC Deal With TPG
EVBox, a charging solution provider for electric vehicles, will be acquired by blank check company TPG Pace through a combination of cash and equity. The newly formed EVBox Group will have a value of $1.4 billion. Shares of TPG Pace soared 116% post the announcement.
Genesis Park Acquisition Announces $150 Million IPO
The aviation-focused special purpose acquisition company, Genesis Park Acquisition, has announced to raise $150 million through its initial public offering by pricing 15,000,000 units at a price of $10 per unit.