E. Merge and Go Acquisition Corp. Hit with Lawsuits Too
Former SEC Commissioner and Yale Law Professor Try to Outflank SPACs
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
The Latest SPAC News and Rumors: August 24, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Tim Hortons China to Create Data Unit Amid Xi’s Crackdown
Xi’s Data Clampdown Spurs Novel Solution From Tim Hortons China
The company running the Chinese business of Canadian coffee shop chain Tim Hortons is proposing a novel solution to address Beijing’s data security concerns as it seeks to go public in the U.S. ...READ MORE
Northern Star Investment Corp. II (NSTB) Postpones Meeting Again
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
Fifth Wall Acquisition Corp. I (FWAA) Shareholders Approve Smart Rent Deal
Fifth Wall Acquisition Corp. I (NASDAQ:FWAA) announced in an 8-K filing this morning that its shareholders approved its combination with smart home technology platform Smart Rent at a special meeting yesterday. ...READ MORE
The Latest SPAC News and Rumors: August 23, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Rocket Lab’s spacecraft confirmed for mission to Mars and CompoSecure partners with Gemini to manufacture new crypto credit card
Rocket Lab Spacecraft Confirmed for Mars as NASA Greenlights ESCAPADE Small Satellite Interplanetary Mission
Rocket Lab, a global leader in dedicated launch and space systems, today announced it will begin final mission design and manufacture to supply two interplanetary Photon spacecraft for a science mission to Mars, delivering Decadal-class science at a fraction of the cost of typical planetary missions. ...READ MORE
SPAC IPO Terms Tracker: The Slowest Week for IPOs since Early June
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Ackman’s Pershing Square Tontine Still Seeking SPARC Structure
Pershing Square Tontine has had more twists and turns than a garden hose…
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
The Latest SPAC News and Rumors: August 20, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Ackman Proposes to return SPAC funds; Ouster in talks to acquire lidar rival Sense Photonics
Bill Ackman Proposes to Return $4 Billion to SPAC Investors If New Vehicle Is Approved
Bill Ackman proposed to return $4 billion he raised from investors through his SPAC if he gets regulatory approval to launch a new vehicle, saying a lawsuit filed earlier this week has had an impact on his ability to strike a deal. ...READ MORE
Mudrick Acquisition Corp. II (MUDS) Terminates Topps Deal
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
Top 3 SPAC Targets – Apparel Reselling Marketplaces
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among two-way apparel marketplaces. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Waverley Capital Acquisition Corp. 1 (WAVC.U) Prices $200M IPO
Waverley Capital Acquisition Corp. 1 announced the pricing of its $200 million IPO and its shares are expected to begin trading on the NYSE under the symbol “WAVCU” Friday, August 20. ...READ MORE
The Latest SPAC News and Rumors: August 19, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Singapore Exchange considers lowering market cap requirements for SPACs, and Aurora releases tool to gauge safety of self-driving systems
Singapore Exchange Mulls Lower Market Cap Requirement for SPAC Listings
SGX (Singapore Exchange) is reportedly considering lowering the minimum market cap requirement for SPACs seeking to list in Singapore. ...READ MORE
Pershing Square Tontine Faces Suit on Abandoned UMG Deal
Pershing Square Tontine Holdings Facing Lawsuit from Former SEC Commissioner and Law School Professor
By now, everyone new to SPACLand has probably figured out that it’s a real roller coaster over here. ...READ MORE
