Plastiq, a B2B payments platform that empowers the small- to medium-sized business (SMB) economy, is planning to go public via a merger with Colonnade Acquisition Corp. II, a special purpose acquisition company (SPAC). Once the deal closes, the combined company, as a publicly-listed entity, will...
Social investing network eToro Group and the special purpose acquisition company (SPAC) FinTech Acquisition Corp. V (FinTech V) have decided to call off their planned merger for an initial public offering (IPO), according to a Tuesday (July 5) press release. Initially announced in March 2021,...
Roxe Holdings, a blockchain-based payment company, is close to going public with a special purpose acquisition company (SPAC) merger, according to a Reuters report Tuesday (June 21) that cited sources familiar with the matter. The company is looking at merging with Goldenstone Acquisition for a...
It seems safe to say that the halcyon days of the blank check company are behind us. A meteroric rise for the special purpose acquisition company (SPAC) has been followed by a notable slide, where new issuances have been muted, to put it mildly. And...
Groups representing the U.S. financial industry are trying to get the federal Securities and Exchange Commission to dilute proposed new regulations that would govern special purpose acquisition companies that industry representatives say could kill SPACs altogether, Reuters reported. Investors establish SPACS — also called blank-check...
Israeli digital freight booking and payment platform Freightos will go public through a merger with special purpose acquisition corporation (SPAC) Gesher Acquisition, the companies announced Tuesday (May 31). The combined company will have a pro forma enterprise value of about $435 million, according to the...
U.S. Sen. Elizabeth Warren (D-Mass.) is planning to introduce a bill aimed at curbing abuses and losses in deals surrounding special purpose acquisition companies (SPACs) that builds on March guidelines from the Security and Exchange Commission (SEC). The SPAC Accountability Act of 2022 builds springs...
Less than 18 months ago, special purpose acquisition companies (SPACs) were the hottest thing that everyone touted, with former NBA star Shaquille O’Neal having one, as well as tennis professional Serena Williams and ex-MLB great Alex Rodriguez, among others. But the shiny stars lighting up...
Smart car tech startup ECARX said it is going public through a special purpose acquisition company merger that values the firm at $3.8 billion. According to a Thursday (May 26) press release, the deal with COVA Acquisition Corp (COVA.O) includes an investment of $45 million...
