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News & Events: SPACS


  • October 22 2020

    Warren Buffett’s great-nephew joins the SPAC boom by listing a $150 million blank-check company

    Warren Buffett’s great-nephew took his “blank-check” company public on Thursday, joining the likes of billionaire investors Bill Ackman and Chamath Palihapitiya in raising money to make a future, as-yet-unknown acquisition.

  • October 22 2020

    King of SPACs: Doug Ellenoff of EGS Discusses the Hot SPAC Market – “Not a Fad”

    The law firm of Ellenoff, Grossman, and Schole (EGS) has long been a leading Manhattan firm in the SPAC sector (Special Purpose Acquisition Company). This year, SPACs have boomed, including multiple high profile issuers as well as several Fintech focused SPACs.

  • October 21 2020

    Warning to Wall Street: SPACs may be out of control

    Reverse mergers were long reserved to the backwaters of Wall Street. Today, they’ve become the hottest way to go public.  Virgin Galactic (SPCE), DraftKings and Nikola have all gone public by merging with special purpose acquisition companies, or SPACs. Even Playboy is joining the SPAC craze.

  • October 21 2020

    Outgoing UBS Chief Sergio Ermotti Joins in Blank-Check Boom

    he booming club of special purpose acquisition companies just recruited a new, prominent member.  Sergio Ermotti, the outgoing chief executive officer of UBS Group AG, has agreed to serve as chairman of Investindustrial Acquisition Corp., a blank-check company, according to a revised prospectus filed Tuesday.

  • October 21 2020

    Rice Acquisition Corp. Announces Launch of Initial Public Offering

    Rice Acquisition Corp. (the “Company”) announced today that it has commenced its initial public offering (“IPO”) of 20,000,000 units at a price of $10.00 per unit. The Company intends to grant the underwriters a 45-day option to purchase up to an additional 3,000,000 units.

  • October 21 2020

    An Uber Outcast’s Blank-Check Company Is Set to Go Public

    Three years after he was ousted from Uber Technologies Inc. under a cloud of controversy, Emil Michael is back. His latest venture asks investors to buy shares in a company before knowing which business they’re actually backing.

  • October 21 2020

    Breakingviews – Could Bill Ackman’s SPAC buy Bloomberg or Airbnb?

    The naming of names for Bill Ackman’s special purpose acquisition company just got more interesting. On Tuesday, the New York Post reported that the hedge fund manager’s blank-check vehicle wanted to take a stake in the former New York mayor Mike Bloomberg’s eponymous media empire, something Bloomberg LP dismisses.

  • October 20 2020

    SPAC backers’ bid to spread craze to UK faces hurdles

    When Mariposa Capital founder Martin Franklin revealed in September that he intends to list a $750 million blank-check company on the London Stock Exchange, it raised the possibility that special-purpose acquisition companies were making a comeback in the UK.

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