Posts
December 10 2021
Tilman Fertitta backs out of his SPAC deal
After a year of toying with the public markets, Tilman Fertitta has opted to keep his company private. The owner of Fertitta Entertainment, including an empire of restaurant chains that he acquired in a series of transactions over the past 20 years, has agreed to pay up to $33 million to back out of a merger with the SPAC Fast Acquisition Corp.
www.restaurantbusinessonline.com
December 09 2021
SEC chair Gensler seeks tougher SPAC disclosure, liability rules
Securities and Exchange Commission Chairman Gary Gensler on Thursday floated several potential SPAC rules he hopes the regulator will consider as it works to oversee one of Wall Street’s up-and-coming ways to take companies public.
www.cnbc.com
December 07 2021
Better HoldCo Inc., a mortgage and real estate startup backed by SoftBank Group Corp., is pushing back its public listing through a merger with a blank-check firm, according to people with knowledge of the matter, after amending the deal a day before it terminated 9% of its workforce.
www.bloomberg.com
December 02 2021
BuzzFeed News union members plan walkout for same day as SPAC IPO vote
Members of BuzzFeed News’ union said they plan to walk out on the job at noon Thursday, the same day shareholders will vote on whether or not to take BuzzFeed public via a SPAC IPO.
www.axios.com
December 02 2021
Singapore’s First Wave SPACs Said to Move Filing Plans Ahead
Vertex Holdings Ltd., a unit of Singapore state investor Temasek Holdings Pte, and European asset manager Tikehau Capital are preparing to lodge preliminary prospectuses for blank-check company listings in the city-state as soon as next week, according to people with knowledge of the matter.
www.bloomberg.com
December 01 2021
The first (SPAC) has listed in the United Kingdom since the relaxation of rules by the Financial Conduct Authority.
www.iclg.com
December 01 2021
A for-profit prison company is going public via SPAC, raising ESG concerns in the blank-check space
The red-hot SPAC market could have an ESG problem. Securus Technologies, a prison services company that makes profit from charging families of the incarcerated for phone calls, is in talks to go public via merging with Atlantic Avenue Acquisition Corp, according a person familiar with the matter.
www.cnbc.com
November 03 2021
SPAC issuance jumps to the highest since March as deals rush to market before year-end
The SPAC market could be staging a comeback with issuance hitting an eight-month high as the industry continues to ride out regulatory challenges. A total of 57 special purpose acquisition companies began trading in October, the highest amount since March when a record of 109 SPACs were issued, according to SPACInsider and CNBC calculations.
www.cnbc.com