It's no wonder SPACs have become hedge funds' new favorite investment. Of the 178 SPACs that have announced merger agreements since 2018, the shares of 174 (98%) finished at or above the IPO price at the time of the announcement, with the worst performer...read more
In another quiet week following the Thanksgiving holiday, just three companies came public. Micro-cap Chinese building materials supplier ReTo Eco-Solutions led the week with a 111% pop, followed by two blank-check...read more
Leisure Acquisition, a blank check company led by gaming and entertainment veteran Lorne Weil, raised $200 million by offering 20 million units at $10. Leisure Acquisition plans to list on the Nasdaq under the symbol LACQU. Morgan Stanley acted as a lead...read more
Leisure Acquisition, a blank check company led by gaming and entertainment veteran Lorne Weil, announced terms for its IPO on Saturday. The New York, NY-based company plans to raise $250 million by offering 25 million shares at a price range of $10 to $10....read more
Buy the Unit, Sell the News: Recent SPAC Merger Announcements Show Safety with Upside
It's no wonder SPACs have become hedge funds' new favorite investment. Of the 178 SPACs that have announced merger agreements since 2018, the shares of 174 (98%) finished at or above the IPO price at the time of the announcement, with the worst performer...read more
US IPO Weekly Recap: 3 IPOs price in quiet post-holiday week
In another quiet week following the Thanksgiving holiday, just three companies came public. Micro-cap Chinese building materials supplier ReTo Eco-Solutions led the week with a 111% pop, followed by two blank-check...read more
Blank check for entertainment: Leisure Acquisition prices $200 million IPO at $10
Leisure Acquisition, a blank check company led by gaming and entertainment veteran Lorne Weil, raised $200 million by offering 20 million units at $10. Leisure Acquisition plans to list on the Nasdaq under the symbol LACQU. Morgan Stanley acted as a lead...read more
Blank check company Leisure Acquisition files for $250 million IPO
Leisure Acquisition, a blank check company led by gaming and entertainment veteran Lorne Weil, announced terms for its IPO on Saturday. The New York, NY-based company plans to raise $250 million by offering 25 million shares at a price range of $10 to $10....read more