Posts
January 09 2025
Doug Ellenoff was interviewed by Yelena Dunaevsky for JD Supra’s fourth annual SPAC Notebook. He discussed what lies ahead for the SPAC market in 2025. Many anticipate continued positive momentum, but a few risks and uncertainties remain.
Click here to read some highlights from the interview.October 28 2024
Singapore’s Synagistics: Hong Kong’s first de-SPAC listing a milestone for stock exchange
Hong Kong’s listing reform marks a historic milestone this week as an overseas company becomes the first to list here via a merger with a blank-cheque company.
www.finance.yahoo.com
October 24 2024
Vicious Partner Feud Roils EF Hutton
Two years ago, EF Hutton was riding high. The bank was the top dealmaker in the speculative world of special-purpose acquisition companies, making millions taking risky startups such as Donald Trump’s social-media platform public.
www.wsj.com
October 23 2024
Delaware Chancery Court still hates SPACs
A long-serving Delaware Chancery Court judge just compared litigation over so-called blank-check investment vehicles to an anaconda snake that takes a year to digest its food.The pandemic-era mania for special purpose acquisition vehicles, or SPACs, crested in 2021, when sponsors created 613 new investment vehicles to go on the hunt for private companies ripe for acquisition.www.reuters.comOctober 17 2024
Steve Salis Plans New SPAC Launch, Aims To Raise $230M
Washington D.C. based entrepreneur Steve Salis is launching another SPAC with an ambitious goal of raising up to $230 million. The owner of Salis Holdings and CEO of Sizzle Acquisition Corp aims to take a consumer, tech, or sports-oriented company public.
www.benzinga.com
October 16 2024
Israel Acquisitions SPAC Plans To Combine With Gadfin Aero-Logistics
Blank check company Israel Acquisitions said it signed a non-binding letter of intent for a planned business combination with Gadfin Aero-Logistics Systems.
www.marketwatch.com
October 16 2024
Launch Two Acquisition Corp. completes IPO and private sale
Launch Two Acquisition Corp., a special purpose acquisition company, announced the successful completion of its initial public offering (IPO) and a concurrent private sale of warrants on October 9, 2024. The IPO consisted of 23 million units, including an over-allotment option fully exercised by underwriters, resulting in gross proceeds of $230 million.
www.investing.com
October 09 2024
Wall Street’s SPAC Machine Picks Up Despite ‘Odd’ Lack of IPOs
Even with markets rallying for months, the pace of traditional initial public offerings is behind what bankers expected. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon called the lack of deals “odd” before blaming costs and red tape.
www.bnnbloomberg.com