SPACs

Technology

Analysis: at least eight companies that went public via SPACs filed for bankruptcy since June 2022, almost 100 are spending unsustainably, and 73 trade below $1 (Bloomberg)

[ad_1] Bloomberg: Analysis: at least eight companies that went public via SPACs filed for bankruptcy since June 2022, almost 100…

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Stock Market

SPACs Collapse as $11 Billion of Deals Are Called Off Within an Hour

[ad_1] (Bloomberg) — One of the SPAC industry’s most well-known sponsors and a would-be serial backer have seen deals worth…

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Technology

Analysis: Palantir, which invested $450M since 2021 in early-stage companies via SPACs, has lost ~$333M, or 75% of its portfolio, offset against some revenue (Chris Bryant/Bloomberg)

[ad_1] Chris Bryant / Bloomberg: Analysis: Palantir, which invested $450M since 2021 in early-stage companies via SPACs, has lost ~$333M,…

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Technology

Chamath Palihapitiya plans to shutter two SPACs, the $1.15B Social Capital Hedosophia VI and $460M Social Capital IV, after failing to find acquisition targets (Divya Balji/Bloomberg)

[ad_1] Divya Balji / Bloomberg: Chamath Palihapitiya plans to shutter two SPACs, the $1.15B Social Capital Hedosophia VI and $460M…

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Enterprenuers

Trump-linked SPAC’s stock falls as shareholders weigh delaying merger with ex-president’s media firm

[ad_1] The TRUTH Social website is seen on a mobile device with an image of former US president Donald Trump…

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Technology

Dealogic: July 2022 was the first month in five years that no new SPACs raised money, after SPAC IPOs peaked in March 2021 with over $36B raised (Wall Street Journal)

[ad_1] Wall Street Journal: Dealogic: July 2022 was the first month in five years that no new SPACs raised money,…

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Business

Goldman Sachs pauses work on new Spacs after SEC takes tougher stance

[ad_1] Goldman Sachs has paused new Spac offerings, said people familiar with the matter, in another blow to blank-cheque companies…

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Enterprenuers

Opportunities and Risks When Investing in SPACs

[ad_1] Opinions expressed by Entrepreneur contributors are their own. A SPAC (Special-Purpose Acquisition Company), which can also be termed as…

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Technology

Sources: OnlyFans has held conversations with multiple SPACs about going public, after failing to raise funds last year due to its adult content (Axios)

[ad_1] Axios: Sources: OnlyFans has held conversations with multiple SPACs about going public, after failing to raise funds last year…

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