Special purpose acquisition company Concord Acquisition Corp. CNC, -0.02% said Monday its deal to buy stablecoin issuer Circle Internet Financial has been terminated. It was originally announced in July 2021 Read more
Tag: SPAC
Trump social-media SPAC jumps on report Google allows Truth Social
Shares of Digital World Acquisition Corp., DWAC, -1.12% the special-purpose acquisition company planning to take former President Donald Trump’s media-ventures company public, jumped 10% after Axios reported that Truth Social, Read more
Flexjet going public with a $3.1 billion value after merger with SPAC Horizon Acquisition Corp. II
Subscription-based private aviation company Flexjet Inc. said Tuesday it will go public through a merger with special purpose acquisition company (SPAC) Horizon Acquisition Corp. II HZON, in a deal that Read more
‘SPAC king’ is throwing in the towel on two vehicles after failing to find target companies in time
Chamath Palihapitiya, backer of the Social Capital Hedosophia Holdings Corp. special-purpose acquisition corporations, or SPACs, is winding down two vehicles after failing to find target companies within the required time Read more
SPAC ‘King’ Chamath Palihapitiya is winding down two vehicles after failing to find a target company in time
Chamath Palihapitiya, backer of the Social Capital Hedosophia Holdings Corp. special-purpose acquisition corporations, or SPACs, said Tuesday he is winding down the two vehicles numbered IV IPOD, +0.20% and VI Read more
SPAC Equity Distribution Acquisition Corp. to redeem its shares, liquidate
Special purpose acquisition company Equity Distribution Acquisition Corp. EQD, said it will redeem all outstanding Class A common stock shares as the company plans to dissolve and liquidate. The company Read more
SPAC Foresight Acquisition Corp. II files to withdraw IPO
Blank-check company Foresight Acquisition Corp. II on Thursday filed to withdraw its initial public offering with the U.S. Securities and Exchange Commission. The company said it has “abandoned the initial Read more
Cannabis SPAC Choice Consolidation returns money to shareholders
The CEO of SPAC Choice Consolidation Corp. said a decision by the special purpose acquisition company to return money it raised in 2021 in its initial public offering represents the Read more
Bill Ackman shutting SPAC, will return $4 billion to shareholders
Special purpose acquisition company Pershing Square Tontine Holdings Ltd. PSTH, -0.05% said Monday it will cease all operations except for winding up its business after July 26. Bill Ackman, the Read more
Deal Flow – Conflict of Interest – SPAC Challenge
Deals must be done quietly, as secretively as possible and avoid, particularly with a SPAC transaction, any questions that raise conflict of interest issues. According to CFO Magazine’s June 3, Read more