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THCA News

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

US IPO Weekly Recap: The calm before the 10 IPO storm

The post-Independence Day week was slow, but things are looking up: the public market is gaining steam with the Renaissance IPO Index up 40% YTD, and companies are claiming their spots on the IPO calendar. Three SPACs entered the public market this week, four...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

US IPO Week Ahead: A flurry of IPOs expected to launch July roadshows

Just two blank check companies are scheduled to price in the week ahead, following the July 4th holiday. We also expect a number of new launches in the coming week. Likely candidates include healthcare software provider Phreesia (PHR),...read more