About 440 companies have listed via SPAC mergers in the past five years, with only 9% (40) currently trading above their original IPO price. Below, we highlight the 15 de-SPACs in that group that are sizable, have positive revenue growth and EBITDA, and decent...read more
Lyra Therapeutics (LYRA) popped 16% in its IPO this past week, the latest biotech to surge in its public debut. It was joined by three SPACs, continuing an uptick in blank check activity. Despite enduring ...read more
Fortress Value Acquisition, a blank check company formed by executives at Fortress Investment Group, raised $300 million by offering 30 million units at $10. Each unit contains one share of common stock and one-third of a warrant exercisable at $11.50....read more
Fortress Value Acquisition (FVAC.U), a blank check company formed by executives at Fortress Investment Group, amended the terms of its upcoming IPO to be more favorable to new investors.
The New York, NY-based company plans to raise $300 million at a $375...read more
15 profitable SPAC mergers that have traded up from listing
About 440 companies have listed via SPAC mergers in the past five years, with only 9% (40) currently trading above their original IPO price. Below, we highlight the 15 de-SPACs in that group that are sizable, have positive revenue growth and EBITDA, and decent...read more
US IPO Weekly Recap: Biotech hot streak continues amid another wave of SPACs
Lyra Therapeutics (LYRA) popped 16% in its IPO this past week, the latest biotech to surge in its public debut. It was joined by three SPACs, continuing an uptick in blank check activity. Despite enduring ...read more
Fortress Investment's SPAC Fortress Value Acquisition prices $300 million IPO at $10
Fortress Value Acquisition, a blank check company formed by executives at Fortress Investment Group, raised $300 million by offering 30 million units at $10. Each unit contains one share of common stock and one-third of a warrant exercisable at $11.50....read more
Fortress Investment Group's SPAC Fortress Value Acquisition changes unit offering from 1/4 to 1/3 warrants
Fortress Value Acquisition (FVAC.U), a blank check company formed by executives at Fortress Investment Group, amended the terms of its upcoming IPO to be more favorable to new investors. The New York, NY-based company plans to raise $300 million at a $375...read more