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Short-sellers have tripled bets against SPACs since the start of 2021 amid fears the blank-check frenzy has gone too far

Short-sellers have tripled their bearish bets against SPACs since the start of the year to $2.7 billion from $724 million, according to S3 Partners. JOHANNES EISELE/AFP via Getty Images More.....»»

Category: topSource: businessinsiderMar 15th, 2021

D.C. restaurateur gets into the SPAC game, targets food, real estate companies

The blank-check company is looking to raise more than $143.7 million......»»

Category: topSource: bizjournalsMar 12th, 2021

ACV Auctions seeks to raise $100 million in IPO

Founded in 2014 by Dan Magnuszewski, Joseph Neiman and Jack Greco, ACV has raised about $350 million in private funding......»»

Category: topSource: bizjournalsFeb 27th, 2021

Charlotte blank check company looking to make acquisition after closing $115M IPO

Charlotte-based Adara Acquisition Corp.'s search for a seller is well underway after the blank check company closed a $115 million initial public offering last week......»»

Category: topSource: bizjournalsFeb 17th, 2021

LinkedIn, Zynga founders file for new $850M SPAC amid reported merger talks with Joby Aviation, Hippo

LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus can't seem to get enough of "blank check" IPO mania. They filed plans to raise $850 million for their third special purpose acquisition company (SPAC) on Friday, following reports t.....»»

Category: topSource: bizjournalsFeb 13th, 2021

Cereal maker Post Holdings to launch $400 million SPAC as more corporations warm to the blank-check listings

Food brands that are expected to go public in the future that Post could target include Chobani, Just Eat, and Impossible Foods. Creative Touch Imaging Ltd./NurPhoto via Getty Images The SPAC boom is now spreading to corporations, with.....»»

Category: worldSource: nytFeb 12th, 2021

Hyliion Hauls In $142 Million From Sale Of Stock Warrants

Startup hybrid electric truck driveline maker Hyliion Holdings (NYSE: HYLN) is $142 million better off following the sale of shares converted from warrants issued by the blank check company (SPAC) that brought Hyliion public. read more.....»»

Category: blogSource: benzingaJan 11th, 2021

SoftBank aims to raise up to $525 million for its own blank-check company

The special-purpose acquisition company, or SPAC, aims to partner with "a fast-growing, IPO-ready technology company," according to an SEC fi.....»»

Category: topSource: businessinsiderDec 21st, 2020

: SoftBank seeks to raise at least half a billion dollars for a blank-check company

SVF Investment Corp. seizes on SPAC craze as it looks to take advantage of investor appetite for tech company stocks......»»

Category: topSource: marketwatchDec 21st, 2020

Blank-check company B. Riley Principal Merger Corp. II files for $200 million IPO

B. Riley Principal Merger Corp. II filed for an initial public offering on Wednesday, with plans to offer 20 million shares priced at $10 each. The blank-check company will use the $200 m.....»»

Category: topSource: marketwatchMay 13th, 2020

Wunderlich forms "blank check company," IPO priced at $200M

"We are looking for a $500 million to $1.5 billion company that has a need for liquidity and wants to become a public company," said Gary Wunderlich......»»

Category: topSource: bizjournalsMay 8th, 2020

Social Capital chief’s latest blank check IPO is another target-topper, raises $360M

Chamath Palihapitiya and Social Capital Hedosophia raised more than expected with their second "blank check" IPO in two weeks, raising $360 million. The Palo Alto-based group sold 36 million shares of Social Capital Hedosophia II in its public offering,.....»»

Category: topSource: bizjournalsApr 28th, 2020

Virgin Galactic dealmaker defies IPO lull with $720 million blank-check deal

Virgin Galactic Holdings Inc Chairman Chamath Palihapitiya on Tuesday raised $720 million for a new blank-check company, 20% more than its original target, after the coronavirus crisis upended plans last month......»»

Category: topSource: reutersApr 21st, 2020

EasyJet seeks more funding and plans to draw down on $500 million revolving credit facility

Budget airline easyJet PLC said Monday that it has requested to fully draw down on its $500 million revolvi.....»»

Category: topSource: marketwatchApr 6th, 2020

Bitmain Spin-Off Matrixport Seeks $300M Valuation in Latest Funding Round

Matrixport began pitching investors a few weeks ago with the aim of raising $40 million......»»

Category: forexSource: coindeskMar 4th, 2020

Quiet infrastructure giant lands on Nasdaq in $617M deal

Atlas Technical Consultants Inc. has completed a reverse merger to become the Austin area's first new public company since 2018. The company completed its $617 million merger with Boxwood Merger Corp., a blank check company, on Feb. 14. Atlas is set.....»»

Category: topSource: bizjournalsFeb 18th, 2020

Regional council seeks proposals for $550M transit project funding

The Puget Sound Regional Council is offering $550 million in federal funds to transportation projects that will meet the long-term travel demands to the region’s urban centers. The council is in charge of dispersing the regional funding from the Feder.....»»

Category: topSource: bizjournalsFeb 13th, 2020

This Fulton startup just raised $6.8M — and it"s moving to Philadelphia

Circonus, the data tech startup led by veteran Philadelphia tech executive Bob Moul, raised $6.8 million in a Series A1 funding round as it seeks to grow its staff and relocate its Fulton headquarters. The new funding round was led by Philadelphia-b.....»»

Category: topSource: bizjournalsJan 22nd, 2020

Dayton-area performing arts center seeks funding for $4M renovation project

A Dayton-area performing arts center aims to boost its facility with a $4 million renovation and upgrade project......»»

Category: topSource: bizjournalsJan 14th, 2020

Blank-check company Greenrose Acquisition files for IPO with plans to target cannabis sector

Greenrose Acquisition Corp., a blank-check company with ambitions in the cannabis sector, filed for an initial public offering on Friday, with plans to issue 15 million units priced at $10 each. The company plans to l.....»»

Category: topSource: marketwatchDec 27th, 2019