December 06 2019
A handful of legal advisers is dominating the market for initial public offerings of special purpose acquisition companies, a booming subset of equity offerings that’s nearing an all-time high. Ellenoff Grossman & Schole LLP currently leads the pack, while larger firms such as Kirkland & Ellis LLP, Skadden Arps Slate Meagher & Flom LLP, and Ropes & Gray LLP are also cashing in on strong demand for legal guidance on SPACs, as they’re called.
December 05 2019
Gores Holdings IV, the fourth blank check company formed by The Gores Group, filed on Thursday with the SEC to raise up to $400 million in an initial public offering.
December 03 2019
CYBER1 to explore achieving its US listing ambitions through a business combination with a Special Purpose Acquisition Company. Cyber Security 1 AB (publ) (“CYBER1”), (Nasdaq:CYB1,OTCQX:CYBNY), a leading supplier of cyber security solutions with operations in Europe, Africa and the Middle East, announces today its intention to seek collaboration with a Special Purpose Acquisition Company (“SPAC”), as an effective means of achieving access to the US capital markets.
December 03 2019
Aided by a strong flow of initial public offerings by blank check companies, Ellenoff Grossman & Schole LLP edged ahead of its peers in November IPO activity during an otherwise quiet month that saw few operating companies go public.
November 29 2019
Alussa Energy Acquisition Corp. (NYSE: ALUS.U) (the “Company”) announced today that it closed its upsized initial public offering of 25,000,000 units. The offering was priced at $10.00 per unit, resulting in gross proceeds of $250,000,000.
November 27 2019
Pure Acquisition Corp. (“Pure”) (NASDAQ: PACQ, PACQU, PACQW), an oil and gas exploration and production focused special purpose acquisition entity, today announced that it has entered into a Business Combination Agreement (the “HPK Business Combination Agreement”) with, among others, HighPeak Energy, Inc. (“HighPeak Energy”), a wholly owned subsidiary of Pure formed to effect the business combination, and certain affiliates of HighPeak Energy Partners, LP (the “HighPeak Funds”),…
November 25 2019
Healthcare Merger Corp., a blank check company targeting the healthcare industry, filed on Monday with the SEC to raise up to $200 million in an initial public offering.
November 22 2019
Investors are more willing than ever to write blank checks. Initial public offerings of special-purpose acquisition companies—essentially, shell companies that go public to raise cash for deals—have reached a new record.