October 23, 2017
Bloomberg published an article titled "2017 IPOs Are Larger and Faster" which analyzes the IPO market activity for the first three quarters of 2017. In the Diversified sector, Ellenoff Grossman & Schole led with 11 IPOs that raised a total of $2.10 billion, but Weil Gotshal & Manges participated in six IPOs that totaled $3.55 billion. Venable led the Financial sector with seven IPOs that raised a total of $2.76 billion. The Industrial sector was dominated by Latham & Watkins and Simpson Thacher & Bartlett, while the Technology sector was led by Wilson Sonsini Goodrich & Rosati.
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October 11, 2017
Rockets Owner Fertitta Out Hunting for Another $1 Billion Deal
Fresh off his record-setting purchase of the NBA’s Houston Rockets, Tilman Fertitta is shopping for a billion-dollar deal. Landcadia Holdings Inc. began trading as a so-called blank-check company in May last year, based on Fertitta’s ability to make acquisitions.
October 10, 2017
KEW MEDIA GROUP Announces Acquisition Of TCB Media Rights
KEW MEDIA GROUP Inc. (“KEW MEDIA” or “KEW” or the “Company”) (TSX:KEW and KEW.WT) today announced the acquisition of London, England-based TCB Media Rights Ltd. (“TCB”), a leading full-service content distribution company. With a focus on non-scripted television sales, TCB has been one of the fastest-growing distributors in the market.
October 05, 2017
Black Ridge’s SPAC debuts IPO
Black Ridge Oil & Gas Inc‘s special purpose acquisition company Black Ridge Acquisition Corp has rolled out its IPO after pricing its 12 million shares at $10 per share. The stock began trading October 5, 2017 on the NASDAQ under the ticker symbol “BRAC.” EarlyBirdCapital Inc was the underwriter. Based in Minneapolis, Black Ridge focuses on acquiring, investing in and managing the oil and gas assets for their partners.
October 02, 2017
Blank check company Regalwood Global Energy files for a $300 million IPO
Regalwood Global Energy, a blank check company formed by Carlyle to acquire an energy business, filed on Monday with the SEC to raise up to $300 million in an initial public offering.
September 27, 2017
Blank check company Mosaic Acquisition sets terms for $300 million IPO
Mosaic Acquisition, a blank check company formed by Fortress and the Executive Chairman of Spectrum Brands, filed on Wednesday with the SEC to raise up to $300 million in an initial public offering.
September 20, 2017
Draper Oakwood Technology Acquisition, Inc. Completes $50,000,000 Initial Public Offering
Draper Oakwood Technology Acquisition, Inc. (Nasdaq: DOTAU) ("Draper Oakwood" or the "Company"), a company formed for the purpose of entering into a merger, share exchange, asset acquisition or other similar business combination with one or more businesses or entities, today announced the closing of its initial public offering of 5,000,000...
August 31, 2017
Nasdaq Looks to Ease Rules for Blank-Check IPOs
Nasdaq Inc. wants to make it easier for blank-check companies to go public, as such firms account for a growing portion of the IPO market.In a blank-check listing, a company with no assets has an initial public offering to raise cash for acquisitions. The approach has become an increasingly popular way for well-known executives to launch firms, especially in the energy sector.
August 30, 2017
Nasdaq Successfully Lists 90 SPAC IPOs, raising a total of $15.3B
Nasdaq extends market leadership in Special Purpose Acquisition Companies (SPACs) initial public offerings (IPOs) with 90 SPAC IPOs. Since the adoption of new listing rules in 2011, Nasdaq has consistently been the exchange of choice for SPACs, attracting 96% of all SPAC IPOs listing on a national exchange.
August 23, 2017
Tech-focused SPAC Social Capital Hedosophia files for $500 million IPO
Social Capital Hedosophia Holdings, a blank check company formed by Social Capital and Hedosophia to acquire a technology company, filed on Wednesday with the SEC to raise up to $500 million in an initial public offering. The deal would be the third-largest SPAC IPO of the year, and the first technology-focused SPAC.
August 21, 2017
Avista Healthcare Public Acquisition Corp. To Combine With Envigo International Holdings, Inc.
Avista Healthcare Public Acquisition Corp. (NASDAQ: AHPA) ("AHPAC"), a publicly traded special purpose acquisition company, and Envigo International Holdings, Inc. ("Envigo" or the "Company"), a leading early stage non-clinical contract research organization ("CRO") offering a diverse set of non-clinical discovery and safety assessment services as well as laboratory animal science tools, jointly announced that they have entered into a definitive merger agreement.
August 18, 2017
Pacific Special Acquisition Corp. and Borqs International Holding Corp Announce Completion of Business Combination
Pacific Special Acquisition Corp. (the "Company" or "Pacific"), a special purpose acquisition company whose securities currently trade on Nasdaq under the symbols PAACU, PAAC, PAACR and PAACW, and Borqs International Holding Corp ("BORQS"), today jointly announced that the two companies have successfully concluded a merger by which BORQS became a wholly-owned subsidiary of the Company and the former stockholders of BORQS acquired a majority of the outstanding equity of the Company.
July 28, 2017
High Times is going public through a deal with a blank-check company — and here’s what that means
Want to go public without all the fees and fanfare? Get acquired by an already public blank-check company. That’s the route the marijuana publication High Times is taking, after the company announced Thursday that it plans to be acquired by Origo Acquisition Corp OACQ, -0.34% a company that was founded in 2014 and is already publicly traded but had no existing line of business.
July 12, 2017
NYSE Group Expands Opportunities for Listings of Special Acquisition Companies (SPACs) through Listings Rule Enhancements; Launches Three SPAC IPOs in Three Months Raising $1.2B
The New York Stock Exchange (NYSE), part of the Intercontinental Exchange (NYSE:ICE), has enhanced its listing rules and services platform to attract Special Acquisition Companies (SPACs) to list on the NYSE. A final rule filing for NYSE’s SPAC listings was approved by the SEC late last week.
June 28, 2017
Circling above: SPAC Osprey Energy Acquisition files for a $250 million IPO
Osprey Energy Acquisition, a blank check company formed to acquire an energy business, filed on Wednesday with the SEC to raise up to $250 million in an initial public offering.
June 27, 2017
TPG Pace Holdings Corp. Announces Pricing of $400,000,000 Initial Public Offering
TPG Pace Holdings Corp. (the “Company”), a newly organized blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, today announced the pricing of its initial public offering of 40,000,000 units at a price of $10.00 per unit.
June 21, 2017
India-focused blank-check firm Constellation Alpha raises $144m in Nasdaq IPO
Constellation Alpha Capital Corp. (CNAC), an India-focused special purpose acquisition firm, Tuesday said it has raised $143.75 million through an initial public offering on US stock exchange Nasdaq. A special purpose acquisition company (SPAC) is a publicly listed buyout company that raises a blind pool of money through an IPO for completing the acquisition of a private company.
June 21, 2017
Federal Street Acquisition, a Thomas H. Lee SPAC, files for $400 million IPO
Federal Street Acquisition, a blank check company formed by the Co-President of Thomas H. Lee Partners to acquire a healthcare business, announced terms for its IPO on Wednesday.
June 15, 2017
Surging Shale Spawns New Financing Structure for Energy Infrastructure
Strong demand for shale oil-and-gas infrastructure is giving rise to an important new financing vehicle for pipeline, processing and storage ventures that are needed to get more shale fuels to market.
June 09, 2017
No relaxing at the beach: SPAC TPG Pace Holdings files for a $400 million IPO
TPG Pace Holdings, a TPG-backed blank check company formed by hotwire.com founder Karl Peterson, filed on Wednesday with the SEC to raise up to $400 million in an initial public offering.
June 07, 2017
KBL Merger Corp. IV Announces Pricing of $100 Million Initial Public Offering
KBL Merger Corp. IV (the "Company") announced today the pricing of its initial public offering of 10,000,000 units at $10.00 per unit. The units will be listed on The NASDAQ Capital Market ("NASDAQ") and trade under the ticker symbol "KBLMU" beginning June 2, 2017.
May 22, 2017
India-Focused Blank-Check Co. Files $125M IPO
Constellation Alpha Capital Corp., a special purpose acquisition vehicle raising money to buy an Indian health care or manufacturing business,...
May 08, 2017
Alignvest Acquisition II: a new SPAC, but with a twist
It’s a first of its kind and for those who thought that special-purpose acquisition companies, at least in the Canadian context, would be one and done, a little rethink is required. On Monday, the marketing process for Alignvest Acquisition II Corp. started. Alignvest II is from the same stable as the original Alignvest SPAC, an offering that closed in the summer of 2015 with $259 million in proceeds.
May 05, 2017
An unusual 'blank check company' just began trading on the NYSE for the first time ever
The NYSE floated an unusual investment vehicle Friday that, in a way, is a bet on lower oil prices. The company is TPG Pace Energy Holdings and the investment is a SPAC (special purpose acquisition company). A SPAC is what is called a "blank check company" — essentially a blind pool of money that is going public. It's not an operating company since there is nothing to manage. At least not yet.
April 26, 2017
Healthcare SPAC KBL Merger Corp. IV files for a $100 million IPO
KBL Merger Corp. IV, a blank check company formed to acquire a healthcare company, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.