SPACs

Report: Fizzling SPAC Wave Leads to Rash of Lawsuits
Report: Fizzling SPAC Wave Leads to Rash of Lawsuits
June 01, 2023  |  SPAC

First came the SPACs. Now come the legal actions. Special purpose acquisition companies (SPACs) were a super-popular method of going public in recent years. But...

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Global Freight Platform Freightos Goes Public and Raises $80M
Global Freight Platform Freightos Goes Public and Raises $80M
January 25, 2023  |  Investments

Global freight booking and payment platform Freightos is going public. The firm said in a Wednesday (Jan. 25) press release that it has closed its...

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Circle Blames SEC for Collapse of $9B SPAC
Circle Blames SEC for Collapse of $9B SPAC
January 25, 2023  |  Cryptocurrency

Stablecoin company Circle says the SEC is to blame for its failure to go public. The company told the Financial Times (FT) in an interview...

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FinTech SPAC Stock Listings Face Tough Reckoning as 2023 Looms
FinTech SPAC Stock Listings Face Tough Reckoning as 2023 Looms
December 19, 2022  |  SPAC

For FinTechs looking to go public, 2023 will not be the year of the SPAC stock listing. If they opt to go public at all,...

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Market Volatility, Souring SPAC Outlook Create Cruel Summer for Crypto M&A
Market Volatility, Souring SPAC Outlook Create Cruel Summer for Crypto M&A
August 16, 2022  |  Cryptocurrency

Sometimes it’s friendly and sometimes it isn’t, but long-planned crypto mergers and SPAC acquisitions have been falling apart in the past month. Since July, five...

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Crypto Mining Firm Prime Blockchain Cancels $1.2B SPAC
Crypto Mining Firm Prime Blockchain Cancels $1.2B SPAC
August 15, 2022  |  Cryptocurrency

Blank-check company 10X Capital Venture Acquisition Corp and crypto mining outfit Prime Blockchain have called off their planned $1.2 billion merger, yet another sign of...

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FinTechs Choose ‘Traditional’ IPOs, Shun SPACs, Amid Muted Listings
FinTechs Choose ‘Traditional’ IPOs, Shun SPACs, Amid Muted Listings
June 30, 2022  |  IPO

Dozens of mergers scuttled. Dwindling share prices. A market that is so volatile that, frankly, it’s no surprise that special purpose acquisition companies (SPACs) have seemingly had...

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Looming Recession Curbs Global M&A Activity, as Q2 US Activity Slows 40%
Looming Recession Curbs Global M&A Activity, as Q2 US Activity Slows 40%
June 26, 2022  |  Acquisitions

Global deal-making is entering tumultuous waters, as various factors like inflation and a stock market rout make corporate boards less willing to expand through acquisitions,...

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Freeze on Crypto SPACs Shows Blank Check Appeal in Rearview Mirror
Freeze on Crypto SPACs Shows Blank Check Appeal in Rearview Mirror
June 15, 2022  |  SPAC

It seems safe to say that the halcyon days of the blank check company are behind us. A meteroric rise for the special purpose acquisition...

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