The recently-enacted Inflation Reduction Act introduced a 1% excise tax on stock buybacks beginning in 2023, and in the absence of guidance from the Treasury Department, it is unclear whether the tax applies to SPAC share redemptions. More and more SPACs are...read more
Three SPACs began trading this past week, joined by one micro-cap, though it was too small to be included in our IPO stats. Two small IPOs submitting initial filings. The biggest news came from the pipeline, as gene editing biotech ...read more
Hudson Acquisition I, a blank check company targeting technology in the US, raised $60 million by offering 6.0 million units at $10 per unit. Each unit consists of one share of common stock and one right to receive one-fifth of a share upon the completion...read more
Hudson Acquisition I, a blank check company targeting technology in the US, filed on Friday with the SEC to raise up to $60 million in an initial public offering. The company plans to raise $60 million by offering 6 million units at $10. Each unit consists of...read more
A growing list of SPACs plan to liquidate early to avoid a possible 1% excise tax in 2023
The recently-enacted Inflation Reduction Act introduced a 1% excise tax on stock buybacks beginning in 2023, and in the absence of guidance from the Treasury Department, it is unclear whether the tax applies to SPAC share redemptions. More and more SPACs are...read more
US IPO Weekly Recap: Quiet October continues with micro-caps and SPACs
Three SPACs began trading this past week, joined by one micro-cap, though it was too small to be included in our IPO stats. Two small IPOs submitting initial filings. The biggest news came from the pipeline, as gene editing biotech ...read more
SPAC Hudson Acquisition I prices $60 million IPO, targeting US technology
Hudson Acquisition I, a blank check company targeting technology in the US, raised $60 million by offering 6.0 million units at $10 per unit. Each unit consists of one share of common stock and one right to receive one-fifth of a share upon the completion...read more
Technology-focused SPAC Hudson Acquisition I files for a $60 million IPO
Hudson Acquisition I, a blank check company targeting technology in the US, filed on Friday with the SEC to raise up to $60 million in an initial public offering. The company plans to raise $60 million by offering 6 million units at $10. Each unit consists of...read more