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MUDS News

Ripped blank checks: SPAC market sees bump in merger terminations

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The SPAC market is showing new signs of pressure as four merger agreements have been called off over the past two weeks. That represents 36% of the year’s 11 terminations, all of which have come in the second half of the year, mostly from deals announced...read more

Distressed asset SPAC Mudrick Capital Acquisition II prices $275 million IPO at $10

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Mudrick Capital Acquisition II, the second blank check company formed by distressed debt investor Jason Mudrick to acquire a post-bankruptcy business, raised $275 million by offering 27.5 million units at $10. The company offered 2.5 million more units than...read more

US IPO Week Ahead: DoorDash and Airbnb kick off the unicorn parade in a 9 IPO week

DASH

Updated Monday, 12/7. The unicorn IPO parade is set to begin in the week ahead, with DoorDash (DASH) and Airbnb (ABNB) leading the way. A total of nine IPOs and two SPACs are scheduled to raise $7.8 billion. ...read more

Distressed debt SPAC Mudrick Capital Acquisition II lowers deal size by 17% ahead of $250 million IPO

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Mudrick Capital Acquisition II, the second blank check company formed by distressed debt investor Jason Mudrick to acquire a post-bankruptcy business, lowered the proposed deal size for its upcoming IPO on Thursday. The New York, NY-based company now plans...read more