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
Seven IPOs and 10 SPACs went public this past week. The IPO pipeline remained active, with 11 IPOs and 22 SPACs submitting initial filings. Phase 2 biotech Kronos Bio (KRON) priced above the range to raise $250 million at a $1.1 billion...read more
FirstMark Horizon Acquisition, a blank check company formed by FirstMark Capital, raised $360 million by offering 36 million units at $10. The company offered 6 million more units than anticipated. Each unit consists of one share of common stock and one-third of...read more
FirstMark Horizon Acquisition, a blank check company formed by FirstMark Capital targeting a US-based tech business, filed on Friday with the SEC to raise up to $300 million in an initial public offering.
The New York, NY-based company company plans to...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
US IPO Weekly Recap: Healthcare dominates a 7 IPO week
Seven IPOs and 10 SPACs went public this past week. The IPO pipeline remained active, with 11 IPOs and 22 SPACs submitting initial filings. Phase 2 biotech Kronos Bio (KRON) priced above the range to raise $250 million at a $1.1 billion...read more
FirstMark Capital's tech SPAC FirstMark Horizon Acquisition prices upsized $360 million IPO at $10
FirstMark Horizon Acquisition, a blank check company formed by FirstMark Capital, raised $360 million by offering 36 million units at $10. The company offered 6 million more units than anticipated. Each unit consists of one share of common stock and one-third of...read more
FirstMark Capital's tech SPAC FirstMark Horizon Acquisition files for a $300 million IPO
FirstMark Horizon Acquisition, a blank check company formed by FirstMark Capital targeting a US-based tech business, filed on Friday with the SEC to raise up to $300 million in an initial public offering. The New York, NY-based company company plans to...read more