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News & Events: SPACS


  • March 23 2022

    Crypto-Focused SPAC Companies Are Outperforming Their Peers

    Going public through a blank-check company is a bet that seems to have paid off only for crypto companies so far this year.  Monex Group’s Coincheck Inc. was the latest to agree to a reverse-merger with a special purpose acquisition company, making it the 10th crypto firm to announce such a deal since last year. Others, including stablecoin operator Circle and mining companies BitFuFu and Bitdeer are still eyeing a U.S. listing this year.

  • March 22 2022

    Fashion Designer Lanvin Group Plans U.S. Listing Via SPAC

    Lanvin Group, which owns the French fashion brand known for its red-carpet gowns, plans to float in New York via a blank-check company in a sign of confidence for the luxury industry.  The transaction is set to give the company an enterprise value of $1.5 billion. Lanvin’s owners, which include Chinese investor Fosun, are hoping to raise $544 million, which will help fund expansion and could help finance at least one acquisition within the next three years, Chief Executive Officer Joann Cheng said in an interview.

  • March 22 2022

    As Their Boom Loses Steam, What’s The Outlook For SPACs Now?

    A once lesser-known pathway to raising capital has in recent years been making headlines: the special purpose acquisition company (SPAC).  A SPAC is a listed shell corporation that exists expressly to acquire startups and other private companies, taking them public with typically more speed and efficiency than the traditional initial public offering (IPO) process can provide.

  • February 23 2022

    PowerUp Acquisition raises $250M for gaming SPAC with Jack Tretton and Bruce Hack

    Are gaming SPACs back? After a lull because of a choppy stock market, PowerUp Acquisition announced last week it was raising $250 million in an initial public offering for its special purpose acquisition company (SPAC).

  • February 23 2022

    Conway SPAC Seeks Euro Soccer Club Despite Public Market Doubts

    Counter Press Acquisition (CPA), the SPAC formed by Hollywood financier Paul Conway and former Tampa Bay Rays executive Michael Kalt (Rays owner Randy Frankel, Los Angeles Dodgers president of baseball operations Andrew Friedman and Angel City Football Club co-founder Julie Uhrman are also part of the management group), has set out on its mission to buy a material minority stake in a European football club.

  • February 22 2022

    Trump-linked Digital World’s shares surge after Truth Social app launch

    Shares of Digital World, the blank-check company behind former U.S. President Donald Trump’s new social media venture, Truth Social, surged nearly 30% in premarket trading on Tuesday as the app climbed the charts after its debut on Apple’s App Store.

  • February 07 2022

    First African Cannabis SPAC Planned by Cilo Cybin Founder Theron

    Africa’s first cannabis-focused blank-check company is set to list later this year with a view to buying companies in the fledgling industry alongside genetics and wearable health-device companies in the U.S. and South Africa.

  • February 06 2022

    Analysis: Singapore bets on niche SPAC listings to capture tech boom

    After years of struggling to emerge from the shadows of regional rivals, Singapore Exchange is looking to establish itself as the hub for blank-cheque firms, riding on regulatory overhaul, support by state firms, and a tech boom in its back yard.

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