In a follow-up to last week’s statement by leading law firms declaring that the recent lawsuits by former SEC commissioner and current NYU Law professor Robert Jackson and Yale Law School professor John Morley, were “without factual or legal basis”, an additional nine law firms have added their names to the list. ...READ MORE
In response to the recent PR machine from former SEC commissioner and current NYU Law professor Robert Jackson and Yale Law School professor John Morley, which have put out multiple statements in the press noting they intend to litigate SPACs for Investment Company Act of 1940 issues, an astonishing 49 law firms have coalesced to release a response to these allegations. ...READ MORE
Cascadia Acquisition Corp. announced the pricing of its $150 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “CAAIU” Thursday, August 26.
The new SPAC intends to focus its search on industry sectors that are being fundamentally reshaped by the introduction of advanced technologies, commonly referred to as “Industry 4.0.”. ...READ MORE
In the ongoing saga surrounding the recent lawsuits brought by former SEC commissioner and current NYU Law professor Robert Jackson and Yale Law School professor John Morley, against Pershing Square Tontine Holdings, and more recently, GO Acquisition Corp. ...READ MORE
Last week, Pershing Square Tontine Holdings (NYSE: PSTH) was hit with a lawsuit from former SEC commissioner Robert Jackson and Yale law professor John Morley, claiming that PSTH violated the Investment Company Act of 1940. ...READ MORE
Northern Star Investment Corp. II (NYSE:NSTB) announced in a press release this morning that it was once again forced to postpone its tentatively scheduled shareholder meeting to approve its combination with Apex Clearing Holdings. ...READ MORE
Last night, Bill Ackman posted a letter to the Pershing Square Tontine website laying out the current situation with the recently filed civil suit and how it affects the SPAC. ...READ MORE
Mudrick Acquisition Corp. II (NASDAQ:MUDS) has terminated its combination with collectible card-maker Topps after it announced it would not see a renewal of its foundational contract with Major League Baseball (MLB) for producing its signature cards. ...READ MORE
By now, everyone new to SPACLand has probably figured out that it’s a real roller coaster over here. ...READ MORE
In this morning’s newsletter, I mentioned TPB Acquisition Corporation I’s (NASDAQ:TPBAU) QIB structure, or their “Stakeholder Alignment Structure”, where they have put a unique twist on the recent trend of using Qualified Institutional Buyers, or “Anchor Investors” in their IPO. ...READ MORE
AxonPrime Infrastructure Acquisition Corp. announced the pricing of its $150 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “APMIU” Friday, August 13. ...READ MORE
Skillz Inc. (NYSE: SKLZ), which completed their combination with Flying Eagle Acquisition Corp. in mid-December 2020, announced this morning that they will be redeeming their outstanding public SPAC warrants for cash exercise. ...READ MORE
