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The Latest Breaking News from SPAC

Merger Arbitrage Mondays – Bristol Myers (BMY) Acquires Third Point Therapeutics (TPTX)

Another week and another deal with big pharma buying out a development stage oncology company. Given the real synergies to be had through young companies partnering with big pharma to leverage their manufacturing expertise and distribution networks, regulators have allowed most of them to go through and they tend to…

Benzinga

3 SPAC Stocks Down More Than 60% Since Going Public

The Federal Reserve's interest rate increases to reduce inflationary pressure, and recession fears, have driven many SPAC stocks to significant price declines of late. The shares of Hims & Hers Health (HIMS), Clover Health Investments (CLOV), and BARK (BARK) have retreated more than 60% since these companies went public via…

StockNews.com

The SPAC market's miscalculation

Those supposed advantages over IPOs haven't panned out.

Axios

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Elizabeth Warren tries to smack SPACs

Warren has become more of a thought leader than legislator on capital markets issues.

Axios

Elizabeth Warren Proposes Legislation Against SPACs: What Investors Should Know

A U.S. Senator is stepping up the pressure on SPACs as an investment vehicle to take companies public. Here’s what the SPAC Accountability Act of 2022 is all about. What Happened: A new bill called SPAC Accountability Act of 2022 is being proposed by Democratic Senator Elizabeth Warren.

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, May 26

CNBC Two Major Tech Deals Come Under UK Government Scrutiny

Benzinga

Another Chinese Car Tech Company Aspires To Go Public Via SPAC Merger After DiDi's Debacle

Billionaire Li Shufu-backed car technology company Ecarx Holdings Inc looks to go public via a special purpose acquisition company (SPAC) merger with Cova Acquisition Corp (NASDAQ:COVA). Ecarx, founded in 2017 by Geely Automobile Holdings Ltd's (OTC:GELYY) Shufu and Ziyu Shen, develops software and hardware like digital cockpit and infotainment systems for cars, Bloomberg reports. Ecarx serves both combustion-powered vehicles…

Benzinga

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5 Restaurant Stocks That Could Attract Merger Or Takeover Interest Amid Wendy's-Trian News

A top fast food restaurant saw shares jump on rumors of a potential takeover by a leading investor. The move would follow up a busy 2021, which saw several large transactions in the space. Here’s a look at how merger and acquisition activity could shape up in the restaurant sector.

Benzinga

Grab Loses Two Top Fintech Veterans Amid Its Business Restructuring: Reuters

Grab Holdings Limited (NASDAQ:GRAB) lost two top executives in its fintech business, adding to other senior departures as the Southeast Asian ride-hailing and delivery firm rejigs the critical unit at the loss-making group, Reuters reports. Chris Yeo, who headed Grab's payments and rewards business and has been with the company for nearly…

Benzinga

eToro Hones In On $1B Funding As SPAC Plans Setback

eToro is targeting a $1 billion funding round. The development comes as the social trading and investment network looks to circumvent its stalled attempt to go public.

Benzinga

5 Short Squeeze Candidates To Watch This Week: 2 Former SPACs Join Leaderboard With BigBear.AI Topping List

Potential short squeeze plays gained steam in 2021, with new retail traders looking for the next huge move.

Benzinga

Merger Arbitrage Mondays - U.S. Defense Contractor ManTech International To Be Acquired By Carlyle

Merger activity decreased last week with two new deals announced and three deals completed. ManTech International Corporation (NASDAQ: MANT)

Benzinga

Could Terra's Stablecoin Struggles Affect The Circle SPAC Deal And Valuation?

Stablecoins have dominated the headlines in the world of cryptocurrency this week with the crash of several coins. The downward moves and negative connotations building for stablecoins could spell trouble for a SPAC deal that involves a leading stablecoin company.

Benzinga

Revelations from the Trump SPAC’s new proxy statement

The social media network might need to undergo a rebrand and Dinesh D’Souza is one of its most popular users.

Fortune

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Benzinga

Trump SPAC Deal Finally Files A Proxy: 10 Key Details We Now Know

Seven months after announcing a SPAC merger, a social media company owned by former President Donald Trump has filed its proxy. Here are the key details from the more than 250 pages contained in the proxy filing.

Benzinga

Why OTR Acquisition Shares Are Soaring Today

Shares of a SPAC are trading significantly higher Friday after a large portion were redeemed as part of the SPAC process.

Fortune

Inside SoftBank’s side letter with Better CEO Vishal Garg

Documents show that Garg put his own personal fortune on the line and could face uncapped losses.

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, May 12

CNBC Instacart Confidentially Files For US IPO

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news in one place.

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Benzinga

US Army, Airbus Battery Supplier Turns To SPAC Deal For Public Debut: WSJ

Amprius Technologies Inc has agreed to merge with a special-purpose acquisition company (SPAC)that values the company at about $1.3 billion and would take it public, Wall Street Journal reported. Amprius makes batteries that it says are more powerful than conventional lithium-ion cells because they use energy-dense silicon in the battery’s anode instead…

Caixin Global

Opinion: SPACs’ Painful Reckoning Should Not Spell Their Demise

Despite criticisms, the underlying premise of allowing access to early-stage, private companies is admirable and much-needed in a market that often favors institutional players

Benzinga

EV Maker's Stock Tanks Amid 'Going Concern' Warning, Lawsuit Against China-Linked Shareholder

Canoo, Inc.

Benzinga

Morning Brief: Top Financial Stories Dominating on Tuesday, May 10

Reuters US Trucking Downturn Threatens Autonomous Operators like Uber Freight

The Guardian - UK

Gay dating app Grindr to float in $2.1bn deal

Company, which has 10.8 million monthly active users, aims to hire LGBTQ+ chief executive

Bangkok Post

Gay dating app Grindr to go public in $2.1bn Spac deal

Gay dating app Grindr said on Monday it would go public through a merger with a blank-check acquisition firm - a deal that values it at $2.1 billion (72 billion baht) and features Tiga Investments CEO Raymond Zage on both sides of the transaction.

Benzinga

LGBTQ Social Media Platform And Dating App Grindr Lands SPAC Deal: What Investors Should Know

A leading social media platform and dating company with a target demographic announced a SPAC deal after market close Monday.

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