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News & Events: SPACS


  • May 31 2023

    German family-owned Schmid Group aims for SPAC listing on NYSE

    Germany’s Schmid Group said on Wednesday it plans to list in New York via a special purpose acquisition company (SPAC), in a deal estimated to give the technology firm a valuation of $640 million.

  • May 02 2023

    Ares’s $500 Million SPAC Marks Return of Jumbo Blank-Check Firms

    A $500 million special-purpose acquisition company backed by Ares Management Corp. is the first jumbo blank check firm to emerge after more than a year of mostly tiny offerings.

  • April 19 2023

    Florida-based Sunergy Renewables to go public via $475 million SPAC deal

    Solar energy company Sunergy Renewables said on Wednesday it will go public via a merger with blank-check firm ESGEN Acquisition Corp (ESAC.O) in a deal that will value the combined company at $475 million.

  • January 25 2023

    Jerusalem’s Freightos To Go Public In $500 Million SPAC Merger

    Special Purpose Acquisition Companies (SPACs) — blank check companies that go public with hopes of quickly merging with a private company — are way down, but not out.  How so? One such SPAC, Denver-based Gesher I Acquisition Corp. — which went public in November 2021 — is about to merge with Jerusalem-based Freightos, “a global leader in air-based shipping and a formidable player in sea-based shipping,”

  • 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).

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