The Funded: SPAC IPOs are dwindling, but "blank check" mergers continue apace

SPACs are entering the space race. Two blank-check companies, formally known as special-purpose acquisition companies, or SPACs, announced mergers Monday with space-focused startups. Each deal involved a local company. Spire Global Inc.., a San Fra.....»»

Startup founders are increasingly skeptical of going the SPAC route, due to the poor performance of companies that previously went public through such mergers......»»

Old-School IPOs Trounce SPACs As Blank Check Craze Fizzles It's been a very bad month for SPACs: last week we pointed out that the SPAC Bubble may have popped as the "Flood Of New SPAC IPOs Hit A .....»»

A US markets watchdog official on Wednesday warned blank-check company dealmakers to carefully consider risks and challenges in the space. SAUL LO.....»»

Another major Silicon Valley tech investor joins the record run of "blank check" IPOs. Menlo Park-based Khosla Ventures filed plans Friday to raise $1.2 billion for special purpose acquisition companies (SPACs) that aim to take three yet-to-be-dete.....»»

The mergers and acquisitions boom will continue over the next few years says Goldman Sachs fueled by $61 billion waiting in the wings......»»

Despite a few SPACs achieving hype and high-profile successes, data shows these blank check companies underperform traditional IPOs overall......»»

In a newsletter addressed to investors, Paul Marshall said that the SPAC market is overrun with "perverse incentives". CNBC's Kelly Evan.....»»

WeWork has agreed to go public through a merger with a Menlo Park-based blank-check firm led by Silicon Valley tech entrepreneur Vivek Ranadive that includes NBA great Shaquille O'Neal as an adviser. The deal isn’t expected to directly impact.....»»

Enjoy Technology Inc., the Palo Alto, California-based company run by Apple Stores creator Ron Johnson, is in talks to go public via a "blank check" company, reports say. Marquee Raine Acquisition Corp. is the special purpose acquisition company that.....»»

Enjoy Technology Inc., the Palo Alto, California-based company run by Apple Stores creator Ron Johnson, is in talks to go public via a "blank check" company, reports say. Marquee Raine Acquisition Corp. is the special purpose acquisition company that.....»»

Ackman hoped his blank-check firm would find an acquisition target .....»»

Ackman hoped his blank-check firm would find an acquisition target by the.....»»

Sports-media outlet the Athletic is in merger talks with news startup Axios, according to people familiar with the matter, part of a plan to build a larger online-publishing company that could include going public through a blank-check firm......»»

WeWork has agreed to sell itself in a blank-check deal that will result in the shared office space provider becoming a publicly traded company almost two years after its initial public offering debacle......»»

Special-purpose acquisition companies have raised $94.4 billion this year through IPOs — already more than the record annual total of $83.4 billion last year......»»

The luxury gym and fitness brand is said to be meeting with as many as 12 blank-check fi.....»»

Billionaire investors and SPAC sponsor Barry Sternlicht said the market for the blank-check firms is "a little bit crazy" in a Wednesday interview. Billionair.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

2020 saw a flurry of SPAC activity, and Houston-based SPACs are off to a strong start in 2021......»»