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
The quiet buzz of electric vehicles is growing louder as more EV makers choose to go public by merging with a SPAC. While several large Chinese EV companies have completed IPOs in recent years (NIO, LI, XPEV), the last major US EV maker to IPO was...read more
Silver Spike Acquisition (SSPKU) raised $250 million this past week, the year's third blank check company targeting the cannabis industry. The SPAC is led by Scott Gordon, Chairman of cannabis-focused investment firm Egg Rock Holdings and a...read more
Tuscan Holdings Corp II, the second blank check company led by Stephen Vogel targeting the cannabis industry, raised $150 million by offering 15 million units at $10. The company originally planned to raise $125 million. Each unit consists of one share of...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
The road less traveled: 14 auto-tech plays going public via SPAC
The quiet buzz of electric vehicles is growing louder as more EV makers choose to go public by merging with a SPAC. While several large Chinese EV companies have completed IPOs in recent years (NIO, LI, XPEV), the last major US EV maker to IPO was...read more
The IPO Market Hands Cannabis its Third Blank Check
Silver Spike Acquisition (SSPKU) raised $250 million this past week, the year's third blank check company targeting the cannabis industry. The SPAC is led by Scott Gordon, Chairman of cannabis-focused investment firm Egg Rock Holdings and a...read more
Cannabis SPAC Tuscan Holdings Corp II prices upsized $150 million IPO at $10
Tuscan Holdings Corp II, the second blank check company led by Stephen Vogel targeting the cannabis industry, raised $150 million by offering 15 million units at $10. The company originally planned to raise $125 million. Each unit consists of one share of...read more