Blank-check mergers have faced a myriad of challenges lately, including poor returns, high redemptions, and rising terminations. In this tough environment, 2022 SPAC mergers have taken longer to complete than prior years, averaging about 7 months from deal...read more
Amid a crumbling SPAC market, nearly 600 blank check companies are still looking for acquisition targets, with deadlines rapidly approaching. SPAC sponsors are highly motivated to find targets, and as competition heats up in domestic markets, they have...read more
26 Capital Acquisition, a blank check company formed by SpringOwl Asset Management targeting leisure, e-commerce, and consumer industries, raised $240 million by offering 24 million units at $10. Each unit will consist of one share of common stock and one-half...read more
SPAC mergers now take more than 7 months to complete on average
Blank-check mergers have faced a myriad of challenges lately, including poor returns, high redemptions, and rising terminations. In this tough environment, 2022 SPAC mergers have taken longer to complete than prior years, averaging about 7 months from deal...read more
Standoff in a Philippines casino shows risks of SPACs betting on foreign targets
This article was originally published one week earlier on IPO Pro. For enhanced coverage of the SPAC market,&nbs...read more
Standoff in a Philippines casino shows risks of SPACs betting on foreign targets
Amid a crumbling SPAC market, nearly 600 blank check companies are still looking for acquisition targets, with deadlines rapidly approaching. SPAC sponsors are highly motivated to find targets, and as competition heats up in domestic markets, they have...read more
SpringOwl Asset Management's consumer SPAC 26 Capital Acquisition prices upsized $240 million IPO
26 Capital Acquisition, a blank check company formed by SpringOwl Asset Management targeting leisure, e-commerce, and consumer industries, raised $240 million by offering 24 million units at $10. Each unit will consist of one share of common stock and one-half...read more