Many blank check targets have been referred to as “moonshots,” and that includes some that are shooting for the actual moon. Space-focused startups, a number of which have gone public via SPAC, have gained more attention in recent weeks after...read more
A growing list of de-SPACs have gone bankrupt, adding further pressure to the beleaguered blank check space. Year-to-date, five companies that went public via SPAC merger have filed for bankruptcy, matching the full-year total from 2022 with more than eight...read more
It was another busy week for the fall IPO market as 13 IPOs raised $4.6 billion led by restaurant payment processor Toast (TOST), which jumped 56% in its debut. Six SPACs also went public, and one IPO postponed: Canadian consumer products...read more
Inflection Point Acquisition, a blank check company formed by Kingstown Capital targeting consumer and tech, raised $300 million by offering 30 million units at $10. Each unit will consist of one share of common stock and one-half of a warrant, exercisable at...read more
Shoot for the moon: A look at space de-SPACs after Intuitive Machines’ historic lunar landing
Many blank check targets have been referred to as “moonshots,” and that includes some that are shooting for the actual moon. Space-focused startups, a number of which have gone public via SPAC, have gained more attention in recent weeks after...read more
Five SPAC mergers have gone bankrupt this year, tying 2022
A growing list of de-SPACs have gone bankrupt, adding further pressure to the beleaguered blank check space. Year-to-date, five companies that went public via SPAC merger have filed for bankruptcy, matching the full-year total from 2022 with more than eight...read more
US IPO Weekly Recap: Toast gets buttered up in a 13 IPO week
It was another busy week for the fall IPO market as 13 IPOs raised $4.6 billion led by restaurant payment processor Toast (TOST), which jumped 56% in its debut. Six SPACs also went public, and one IPO postponed: Canadian consumer products...read more
Kingstown Capital's SPAC Inflection Point Acquisition prices $300 million IPO
Inflection Point Acquisition, a blank check company formed by Kingstown Capital targeting consumer and tech, raised $300 million by offering 30 million units at $10. Each unit will consist of one share of common stock and one-half of a warrant, exercisable at...read more