The SPAC market is showing new signs of pressure as four merger agreements have been called off over the past two weeks. That represents 36% of the year’s 11 terminations, all of which have come in the second half of the year, mostly from deals announced...read more
Mudrick Capital Acquisition II, the second blank check company formed by distressed debt investor Jason Mudrick to acquire a post-bankruptcy business, raised $275 million by offering 27.5 million units at $10. The company offered 2.5 million more units than...read more
Updated Monday, 12/7.
The unicorn IPO parade is set to begin in the week ahead, with DoorDash (DASH) and Airbnb (ABNB) leading the way. A total of nine IPOs and two SPACs are scheduled to raise $7.8 billion.
...read more
Mudrick Capital Acquisition II, the second blank check company formed by distressed debt investor Jason Mudrick to acquire a post-bankruptcy business, lowered the proposed deal size for its upcoming IPO on Thursday. The New York, NY-based company now plans...read more
Ripped blank checks: SPAC market sees bump in merger terminations
The SPAC market is showing new signs of pressure as four merger agreements have been called off over the past two weeks. That represents 36% of the year’s 11 terminations, all of which have come in the second half of the year, mostly from deals announced...read more
Distressed asset SPAC Mudrick Capital Acquisition II prices $275 million IPO at $10
Mudrick Capital Acquisition II, the second blank check company formed by distressed debt investor Jason Mudrick to acquire a post-bankruptcy business, raised $275 million by offering 27.5 million units at $10. The company offered 2.5 million more units than...read more
US IPO Week Ahead: DoorDash and Airbnb kick off the unicorn parade in a 9 IPO week
Updated Monday, 12/7. The unicorn IPO parade is set to begin in the week ahead, with DoorDash (DASH) and Airbnb (ABNB) leading the way. A total of nine IPOs and two SPACs are scheduled to raise $7.8 billion. ...read more
Distressed debt SPAC Mudrick Capital Acquisition II lowers deal size by 17% ahead of $250 million IPO
Mudrick Capital Acquisition II, the second blank check company formed by distressed debt investor Jason Mudrick to acquire a post-bankruptcy business, lowered the proposed deal size for its upcoming IPO on Thursday. The New York, NY-based company now plans...read more