De-SPACs are having a moment. While returns have been meager – less than 10% of last year’s mergers trade above the $10 transaction price – several areas have surged over the past several months, with some names up more than +500%. Excluding...read more
After a record breaking number of deals last week, the IPO market cooled off for the shortened holiday week, with just two micro-cap IPOs raising $45 million. Preclinical RNA biotech Transcode Therapeutics (RNAZ) priced at $4 to raise $25 million at...read more
AltC Acquisition, a blank check company formed by Michael Klein and OpenAI co-founder Sam Altman, raised $450 million by offering 45 million shares at $10. The company had previously filed to offer 40 million shares at the same price. The offering did not...read more
AltC Acquisition, a blank check company formed by Michael Klein and OpenAI co-founder Sam Altman, lowered the proposed deal size for its upcoming IPO on Friday. The New York, NY-based company now plans to raise $400 million by offering 40 million shares at...read more
Diamonds in the rough: These 26 de-SPACs have soared over 150% in the past six months
De-SPACs are having a moment. While returns have been meager – less than 10% of last year’s mergers trade above the $10 transaction price – several areas have surged over the past several months, with some names up more than +500%. Excluding...read more
US IPO Weekly Recap: Micro-caps lead a quiet 2 IPO week
After a record breaking number of deals last week, the IPO market cooled off for the shortened holiday week, with just two micro-cap IPOs raising $45 million. Preclinical RNA biotech Transcode Therapeutics (RNAZ) priced at $4 to raise $25 million at...read more
Klein and Altman's SPAC AltC Acquisition prices upsized $450 million IPO
AltC Acquisition, a blank check company formed by Michael Klein and OpenAI co-founder Sam Altman, raised $450 million by offering 45 million shares at $10. The company had previously filed to offer 40 million shares at the same price. The offering did not...read more
Klein and Altman's SPAC AltC Acquisition slashes deal size by 60% ahead of $400 million IPO
AltC Acquisition, a blank check company formed by Michael Klein and OpenAI co-founder Sam Altman, lowered the proposed deal size for its upcoming IPO on Friday. The New York, NY-based company now plans to raise $400 million by offering 40 million shares at...read more