Block.one’s crypto exchange Bullish won’t be going public after all. Its $9 billion merger with a SPAC has been terminated just four months after courts rejected its $27.5 million settlement in ...
Tag: SPACs
SPACs Collapse as $11 Billion of Deals Are Called Off Within an Hour
(Bloomberg) — One of the SPAC industry’s most well-known sponsors and a would-be serial backer have seen deals worth $10.6 billion go up in smoke in less than an hour. Most Read from Bloomberg A...
In Post-FTX World, Circle Kills SPAC Plans
In a “mutual decision,” Circle and its planned special purpose acquisition company (SPAC) partner Concord have pulled the plug on plans to go public, the companies said Monday. The SEC had not g...
Battered SPACs and Closed-End Funds Finally Look Tempting. How Investors Can Play Them.
With apologies to the Bard, SPACs are now in disgrace with fortune and men’s eyes, along with other excesses, such as meme stocks and nonfungible tokens. But some special purpose acquisition companies...
As Deal Optimism Dies, SPACs May Have Surprising Future As Fixed Income Investments
Social Capital Hedosophia Holdings Corp. CEO, Founder and Chairman Chamath Palihapitiya, left, rang … [+] a ceremonial bell in 2017. Now SPACs have lost their shine, and Social Capital intend to...
Once-Hyped IPO Dropped Amid Cooling Market
Topline Yogurt giant Chobani scrapped plans to go public, the company revealed in a Securities and Exchange Commission filing Friday, giving up on an initial public offering once reportedly valued at ...
How Have IPOs Performed So Far In 2022?
Are you considering investing in IPOs to get in on the ground floor as an investor? We look at how … [+] IPOs have performed so far in 2022 so that you know what to expect and what to watch out ...
Opinion: The SPACsplosion is about to become a liquidation frenzy — and that may be for the best
As the SPAC boom was beginning to rage two years ago, this column asked why in the world any company would want to be acquired by a former chief executive best known for executing one of the worst acq...
Shock Bankruptcy Shows The Dark Side Of Tech SPACs
Tthe store’s going out of business sale. (Photo by Robert Alexander/Getty Images) Getty Images The stock market remains in a funk, yet the cause is not what most investors believe. A valuation b...
SPACs wipe out half of their value as investors lose appetite for risky growth stocks
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, June 16, 2022. Brendan McDermid | Reuters SPACs, once Wall Street’s hottest tickets, have become one of the most ha...
Star Stockpicker Finds New Crusade Raging Against The ‘Everything Bubble’
Noble’s favorite quote these days is from Oscar Wilde: “A fool is someone who knows the price of everything and the vaue of nothing.” George Noble “People ask what should I buy? The ...
EV SPACs are facing a new regulatory speed bump
It’s been a bumpy road for the electric vehicle startups that rushed to go public over the past two years by merging with a publicly traded shell company. Now, the SEC’s broadest attempt to crackdown ...
SEC Brings Forward New Proposal: Aims to Heighten Disclosures For SPACs
The SEC has proposed new amendments for SPACs to have heightened disclosure fine-tuned with the traditional IPOs. This proposal stems from an understanding that on a functional basis, SPACs are being...
SEC proposes new rules, heightened disclosures for SPACs
The Securities and Exchange Commission has proposed new rules and amendments to disclosure standards for special purpose acquisition companies (SPACs). Another route to funding SPACs expedite the proc...
SEC targets SPACs with new rules about forecasts, mergers
A flag outside the U.S. Securities and Exchange Commission headquarters in Washington, D.C., U.S., on Wednesday, Feb. 23, 2022. Al Drago | Bloomberg | Getty Images The Securities and Exchange Commissi...
GameStop And AMC – The Last Meme-Stocks Standing Are Ready For Final Collapse
February 2021 photo by: STRF/STAR MAX/IPx STRF/STAR MAX/IPx Last July, the meme-stock implosion had started, even as Barron’s and Fortune listed a combined ten issues as attractive buys (see “Th...
Saba’s Weinstein Recommends SPACs, CDS as Fed Tightens
(Bloomberg) — Boaz Weinstein, the hedge-fund founder known for making contrarian bets in arcane markets, has some unorthodox advice for investors worried about rising U.S. interest rates: Load u...
Market being dragged down by 2021’s flurry of IPOs, SPACs
CNBC’s Jim Cramer on Tuesday lamented the flurry of companies that went public in 2021 through traditional IPOs and SPAC deals, suggesting that it’s playing a role in Wall Street’s w...
Calls For New SPAC Rules And Hints At PSLRA Change
For months, the SEC Chairman Gary Gensler has expressed concern over the meteoric rise of SPACs and has dropped teasers about stepped-up enforcement to come. Now, the time for the main event is almost...
Buyer Beware As Athlete-Backed SPACs Take A -70% “L”
OAKLAND, CA – MAY 30: Stephen Curry #30 of the Golden State Warriors reacts in the third quarter of … [+] Game Seven of the Western Conference Finals against the Oklahoma City Thunder duri...
The Investing Highs And Lows Of 2021
Any way you look at it, 2021 was an eventful year—from a new president to new virus variants to new all-time highs for Bitcoin and the S&P 500 (70 record closes!). We even saw the rise of a whole ...