A growing list of de-SPACs have gone bankrupt, adding further pressure to the beleaguered blank check space. Year-to-date, five companies that went public via SPAC merger have filed for bankruptcy, matching the full-year total from 2022 with more than eight...read more
Spurred on by soaring Bitcoin prices in the last year, crypto-focused companies are taking the ball and running with it – right to the public markets. Since 2019, seven crypto-focused companies have completed traditional IPOs, one has direct listed, and...read more
Power & Digital Infrastructure Acquisition, a blank check company targeting the US electrical power grid transition, raised $300 million by offering 30 million units at $10. The company offered 5 million more units than anticipated. Each unit consists of one...read more
Power & Digital Infrastructure Acquisition, a blank check company targeting the US electrical power grid transition, filed on Friday with the SEC to raise up to $250 million in an initial public offering. The Chicago, IL-based company plans to raise...read more
Five SPAC mergers have gone bankrupt this year, tying 2022
A growing list of de-SPACs have gone bankrupt, adding further pressure to the beleaguered blank check space. Year-to-date, five companies that went public via SPAC merger have filed for bankruptcy, matching the full-year total from 2022 with more than eight...read more
Blockchain boom: Crypto comes to market with IPOs and SPAC mergers
Spurred on by soaring Bitcoin prices in the last year, crypto-focused companies are taking the ball and running with it – right to the public markets. Since 2019, seven crypto-focused companies have completed traditional IPOs, one has direct listed, and...read more
Power grid transition-focused SPAC Power & Digital Infrastructure Acquisition prices upsized $300 million IPO
Power & Digital Infrastructure Acquisition, a blank check company targeting the US electrical power grid transition, raised $300 million by offering 30 million units at $10. The company offered 5 million more units than anticipated. Each unit consists of one...read more
Power grid transition SPAC Power & Digital Infrastructure Acquisition files for a $250 million IPO
Power & Digital Infrastructure Acquisition, a blank check company targeting the US electrical power grid transition, filed on Friday with the SEC to raise up to $250 million in an initial public offering. The Chicago, IL-based company plans to raise...read more