Pinstripes, an experiential dining and entertainment brand, and special purpose acquisition company (SPAC) Banyan Acquisition Corp. have closed their previously announced business combination and will begin trading on the New York Stock Exchange (NYSE). With this business combination, Pinstripes has become a wholly owned subsidiary...
After two years, mortgage lender Better.com will finally go public Thursday (Aug 24). The company’s Nasdaq listing will happen via a special purpose acquisition company (SPAC) merger with Aurora Acquisition Corp., Better — now calling itself “Better Home & Finance” — said in a news...
Digital mortgage lender Better.com is set to go public later this month. The company said in a securities filing Friday (Aug. 11) that it will combine with Aurora Acquisition Corp. a special purpose acquisition company (SPAC), and plans to go public on or about Aug. 23. A report Friday by...
First came the SPACs. Now come the legal actions. Special purpose acquisition companies (SPACs) were a super-popular method of going public in recent years. But as Bloomberg News reported Thursday (June 1), those listings have now triggered a wave of litigation from investors who say...
The recent wave of SPAC mergers led to billions in goodwill write-offs last year. The trend — reported recently by The Wall Street Journal — illustrates the cost companies paid to close deals during a boom in special purpose acquisition company (SPAC) public listings in...
Evo Acquisition Corp. has received two noncompliance letters from Nasdaq. The special purpose acquisition company (SPAC) received a letter on April 3 notifying it that it was below the minimum of $35 million required for continued listing on the Nasdaq Capital Market, and another letter...
The special purpose acquisition company (SPAC) may not be dead, but its pulse is pretty faint. January has thrown a deep chill for public listings in the FinTech space and has so far been a complete freeze-out for SPACs, which were once the darlings of...
For FinTechs looking to go public, 2023 will not be the year of the SPAC stock listing. If they opt to go public at all, that is. As PYMNTS’ own data shows, the pace of SPAC deals slowed to the low single digits in most...
Digital Virgo Group, a French corporation that operates a digital monetization platform for the entertainment, sports and lifestyle sectors, announced it will list publicly on the Nasdaq stock exchange via a merger with special purpose acquisition company (SPAC) Goal Acquisitions. The deal including debt is...