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
Swedish electric vehicle developer Polestar Automotive (PSNY) began trading on the Nasdaq on June 24 after completing one of the largest-ever SPAC mergers, a deal that valued the company at $20 billion. Including the PIPE, Polestar received...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
Forum Merger III, the third blank check company formed by SPAC veterans David Boris and Marshall Kiev, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-third of a redeemable warrant,...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
Polestar trading holds up in the weeks since its SPAC listing; here’s how the electric vehicle maker stacks up against others
Swedish electric vehicle developer Polestar Automotive (PSNY) began trading on the Nasdaq on June 24 after completing one of the largest-ever SPAC mergers, a deal that valued the company at $20 billion. Including the PIPE, Polestar received...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
Forum Merger III, the third SPAC from David Boris and Marshall Kiev, prices $250 million IPO at $10
Forum Merger III, the third blank check company formed by SPAC veterans David Boris and Marshall Kiev, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-third of a redeemable warrant,...read more