Spacs
Spac mania is dead. The SEC wants to keep it that way
New rules aim to make special purpose acquisition company deals more like traditional IPOs
Spacs flop in 2023 as 40% of IPOs fail to find a target
'It was always a bubble waiting to burst'
3 min read
Keith Skeoch ‘very doubtful’ over benefits of Spac deals
'You’ve got to ask yourself who benefits from these things?'
3 min read
Crypto firms eye public listings as markets rebound
Bitdeer recently went public via a SPAC, and Chia Network is exploring an IPO
4 min read
Spac craze crumbles into liquidations
Falling stock prices and rising interest rates have essentially frozen the market for new public listings
4 min read
UK cyber firm Arqit Quantum faces SEC probe over Spac merger
Arqit's filing on 14 December with the SEC said it had many 'project-based' clients with 'uneven milestone payment profiles' rather than recurring revenue
4 min read
Spac activity slumps to 2017 levels as blank-cheque boom fades
Once-hot blank-cheque firms have fallen out of favour alongside cryptocurrencies and other speculative investments
2 min read
Bill Ackman’s Pershing Square Tontine to shut down, return $4bn to shareholders
Bill Ackman said in a letter to shareholders: ‘We have been unable to consummate a transaction that both meets our investment criteria and is executable’
2 min read
Spacs face new disclosure requirements from US regulators
Blank-cheque firms accounted for majority of IPOs in 2021, but have since slowed
5 min read
Why Spacs could go from flashy no-profit ventures to handy ETFs
A new ETF is offering a twist on investing in special-purpose acquisition companies
3 min read
Tiger Woods’ Spac formally seeks an IPO, aims to raise $150m
Other Spac backers include tennis star Serena Williams, basketball Hall of Famer Shaquille O’Neal, and National Basketball Association standout Kevin Durant
A 26-year-old short-seller on the Reddit retail army and shorting in the longest bull market in history
Reed Sherman says most Spacs should never have made it anywhere near a public stock exchange — and sees ESG as ‘as virtue signalling at the highest level’
SEC’s Gary Gensler puts Spacs in regulatory crosshairs
Wall Street regulator says popular vehicles don’t provide investors with enough protection
American Express close to deal with Apollo-backed Spac
The deal would represent a vote of investor confidence in business travel despite a bumpy 2021 recovery
3 min read
Schroders keeping ‘open mind’ on Spacs as activity set for rise
One of Schroders' most senior fund managers predicts demand for the listed shell companies could pick up in the new year
3 min read
Hambro Perks Spac chooses London after FCA overhaul
The UK has changed rules around Spacs to attract more significant listings
2 min read
Why sub-scale Spacs need rooting out
Blank-cheque firms can provide a huge boost to growth companies, but the right regime needs to be in place first
3 min read