News & Events - SPACs

  • July 07, 2009

    Last month, a SPAC known as Liberty International Acquisition Co., agreed to buy U.K. life insurer Pearl Group in a deal valued at about GBP1.6 billion ($2.6 billion). A similar vehicle in the U.S. is hunting for deals and Pearl itself could become a platform for more acquisitions.

  • July 01, 2009

    Pantheon China Acquisition Corp. is a special purpose acquisition company formed for the purpose of acquiring, through a stock exchange, asset acquisition or other similar business combination, an operating business in the People's Republic of China.

  • June 01, 2009

    Jamba, Inc. has completed a sale of convertible preferred stock which raised $35 million in gross proceeds for the company.

  • April 25, 2009

    Victory Acquisition Corp. (NYSE Amex: VRY), a specified purpose acquisition company, announced the termination of the proposed merger with TouchTunes Corporation. ...

  • March 25, 2009

    A special purpose acquisition company, or SPAC, called Victory Acquisition Corp. (AMEX: VRY) announced that it was acquiring an operating companycalled TouchTunes Corp. TouchTunes is a provider of out-of-home interactive entertainment ....

  • January 26, 2009

    Tailwind Financial, a Toronto-based special purpose acquisition company listed on the NYSE Alternext US, through an all-stock transaction will acquire Allen-Vanguard, a Canada-based developer of detection...

  • January 20, 2009

    Because Citi has not been active in the SPAC market since eliminating in September 2008 the holdings of Old Lane, the hedge fund run by Vikram Pandit prior to his assuming the chief executive role of Citigroup, its investment in Global Consumer Acquisition Co. is significant not simply because of the overall size of the stake it now owns.

  • January 19, 2009

    The amendments allowing special-purpose acquisition companies, or SPACs, to be listed on the Toronto Stock Exchange are one month old, but judging by the flurry of action, law firms are expecting that the structure, which has been in use in the United States for about a decade, will receive a friendly welcome north of the border....

  • January 05, 2009

    The blank-check companies known as SPACs, which have raised billions but not yet made the acquisitions that money is ...

  • January 05, 2009

    (Dubai) "In theory, it appears to be a perfect storm for SPACs," said Gil Ottensoser, ... After a stellar 2007, when 65 SPACs raised about $11.6 billion, ...

  • January 02, 2009

    The largest acquisition of 2008, and the second-largest ever, was by blank check company Hicks Acquisition Co I Inc (TOH.A) which together with established ...

  • December 30, 2008

    Vector Intersect Security Acquisition Corp., a special purpose acquisition company (SPAC), will acquire Cyalume Technologies, a safety and training products company serving military clients based in Massachusetts, after 90% of its shareholders voted in favor of the deal. The deal marks an aberration as of late, as

  • September 12, 2008

    Affinity Media International Corp. , a special purpose acquisition company, announced today that stockholders of record as of the previously announced record date of August 8, 2008 will be invited to attend Affinity's special meeting of stockholders scheduled to be held on October 7, 2008 at the offices of the law firm of Ellenoff Grossman & Schole LLP, located at 150 East 42nd Street ...

  • September 08, 2008

    Special Purpose Acquisition Companies, now gaining traction on theEuronext, will likely soon find themselves trading on the Toronto StockExchange as the number of IPOs continues to stagnate. ...

  • August 17, 2008

    The Toronto Stock Exchange (TSX) is proposing a new rule that would allow for the creation of (SPACs) in Canada. SPACs have become very popular capital raising vehicles in the United States They are similar to capital pool companies in that they involve raising money...

  • August 15, 2008

    Chardan 2008 China Acquisition Corp. is a newly organized blank check company formed for the purpose of acquiring, through merger, share exchange, contractual control arrangement or other similar business combination, one or...

  • July 24, 2008

    Seanergy is likely to be responding to concerns about the difficulties reportedly encountered by some special purpose acquisition companies (spacs).

  • July 23, 2008

    CHAC is a so called "blank check company" with the explicit purpose of buying companies with operations in Asia. It was foundedin 2007 and listed on the ...

  • July 23, 2008

    It said that it had 90% take up by European investors, particularly in Germany, Italy and the UK A SPAC, often called a blank-check companyhas no operations when it lists on the stock market but uses the proceeds to merge with, or acquire a company. These investment.....

  • July 22, 2008

    Shares in the Spac, which aims to make an acquisition valued at between 1 billion euros and 3 billion euros in Germany, Austria or Switzerland inin the next two years, fell 0.5 percent in its first day, to 9.95 euros.

  • July 21, 2008

    The cash shell, which focuses on small to medium-sized businesses, raises €250m in one of the few sizeable deals in Europe outside the renewable energy sector

  • July 21, 2008

    Germany1 Acquisition Ltd., a so- called special purpose acquisition company managed by Deutsche Bank AG, said it raised 275 million euros ($436 million) in an initial public offering.

  • July 20, 2008

    proposed) is a Seoul-based "blank check" company that was recently formed to target businesses located in the Republic of Korea and in the People's Republic of China. The mystery: Getting a "blank check" deal out the door has proven ...

  • July 15, 2008

    Equity capital markets bankers acknowledge that with the difficult marketconditions, 2008 is unlikely to be the year oftheSpac in Europe, but they remain...

  • July 07, 2008

    Investors swim clear of cash-shells left stranded by tide. But spcial purpose acquisition companies - or SPACs - are struggling to win over investors. The clearest sign of this came last week when....