Posts
January 31 2019
The Gores Group’s blank check Gores Metropoulos prices $375 million IPO at $10
Gores Metropoulos, a blank check company formed by dealmaker Dean Metropoulos and The Gores Group, targeting the consumer products and services industries, raised $375 million by offering 37.5 million units at $10, as expected.
www.nasdaq.com
January 29 2019
Latin America blank check Andina Acquisition III prices $100 million US IPO at $10
Andina Acquisition III, a blank check company formed to acquire a business in Latin America, raised $100 million by offering 10 million shares at $10.
www.nasdaq.com
January 24 2019
Modern Media Acquisition Corp. (NASDAQ:MMDM) (“MMDM”) today announced that it has entered into a definitive agreement to combine with Akazoo Ltd, a global digital music streaming platform based in the United Kingdom, in a transaction that would value the combined company at approximately $469 million.
www.apnews.com
January 23 2019
Blank-check company IPOs moving ahead despite government shutdown
A corner of the market for initial public offerings (IPO) is evading the freeze on stock market flotations inflicted by the U.S. government shutdown, putting the spotlight on listings that usually stay under most investors’ radar.
www.reuters.com
January 14 2019
Why Is This Oil and Gas Company Playing Poker?
The blank checks are getting larger on Wall Street and have even fewer strings attached. In mid-December, Black Ridge Acquisition Corp., a public investment vehicle that raised $138 million in an IPO a little more than a year ago to do deals in the energy sector, announced that it was instead buying a company that organizes poker tournaments. As part of the deal, Black Ridge will also get a 1,000-person arena in Las Vegas for playing video games.
www.finance.yahoo.com
January 08 2019
Go Public Without a Business? It Can Work If You’re an Energy Star
For the past two years, the hottest way to start a new oil company in the U.S. has been asking investors to write a blank check. Just launch a publicly traded corporation called a special purpose acquisition company—or SPAC—which has no other business than to raise money and then find another venture to acquire or merge with.
www.bloomberg.com
January 08 2019
Acamar Partners Acquisition, Dufry Chairman’s SPAC, files for a $300 million IPO
Acamar Partners Acquisition, a blank check company led by the Executive Chairman of travel retailer Dufry, filed on Tuesday with the SEC for an initial public offering.
www.nasdaq.com
January 04 2019
Federal Street Acquisition Corp. FSACU, +0.00% FSAC, -0.10% FSACW, -1.28% (“FSAC”), a special-purpose acquisition company sponsored by an affiliate of Thomas H. Lee Partners,L.P. (“THL”), and Agiliti Holdco,Inc., the holding company of Agiliti Health,Inc. (“Agiliti Health”), a leading, nationwide provider of healthcare technology management and service solutions and a portfolio company of Irving Place Capital Management, L.P., announced today that they have completed their business combination.
www.marketwatch.com