Indonesian online lender Akulaku Inc. is mulling going public in the U.S. through a merger with a blank-check company that would value the company at almost $2 billion, people with knowledge of the situation told Bloomberg Friday (Jan. 14). Akulaku, which is backed by Ant...
FinTech Dave Inc. merged with the publicly traded special purpose acquisition company (SPAC) VPC Impact Acquisition Holdings III Inc. and will go public on Nasdaq on or about on Thursday (Jan. 6). The banking app startup launched in 2017 in Los Angeles. Backed by Mark...
Colin Kaepernick’s deal to buy a company with his SPAC, Mission Advancement Corp., has now been killed, The Wall Street Journal (WSJ) writes. The SPAC was potentially looking at The Change Company, which focuses on minority borrowers that have been underserved by traditional banks. Kaepernick,...
Italian luxury fashion company Zegna is making its debut on the New York Stock Exchange Monday (Dec. 20) under the ticker symbol ZGN after a special purpose acquisition company deal with European private equity company Investindustrial that valued the company at $3.1 billion. Former UBS...
Mobile commerce platform Rezolve is merging with the blank check company Armada Acquisition Corp. in a deal to take Rezolve public at an estimated valuation of $2 billion, according to a press release on Friday (Dec. 17). Founded in 2017, Rezolve’s platform specializes in turning...
Personal finance startup Dave Inc. will use $450 million it’s expected to raise in its upcoming initial public offering (IPO) to make acquisitions, launch new products and possibly invest in cryptocurrency, The Wall Street Journal (WSJ) reported Monday (Dec. 13). Dave has an app for...
Headed into the end of the year, a series of announcements tied to “next generation” vehicles show the appeal of spinoffs, SPACs, and the desire of large, marquee firms to have a stake in the burgeoning electric vehicle (EV) and autonomous driving verticals. The latest...
Getty Images is going public through a special purpose acquisition company (SPAC) deal that values the firm at $4.8 billion and is supported by CC Capital and Neuberger Berman, according to a Financial Times report Friday (Dec. 10). That valuation is more than 15 times...
The B2B commerce solutions platform Corcentric is set to go public in a special purpose acquisition company merger that will value the firm at $1.2 billion. The company announced the merger on its website Friday (Dec. 10), saying it had entered into an agreement with...
