Special Purpose Acquisition Company news and trends

Mortgage Lender Better.com Plans SPAC Listing
SPAC // August 13, 2023

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...

Boxed Bankruptcy Shows Cracks in Pandemic’s SPAC Funding Frenzy
Retail // April 04, 2023

It seems like a lifetime ago — SPACs were the “it” way to take companies public. And during the pandemic, eCommerce delivery businesses were the “it” business model. The disruptors, sometimes, get disrupted. The latest reminder came over the weekend when Boxed, the online grocery retailer, filed...

Crypto 1 Acquisition to Liquidate 12 Months After $230M IPO 
Cryptocurrency // December 09, 2022

Crypto 1 Acquisition Corp. plans to dissolve and liquidate by Dec. 19.  The special purpose acquisition company (SPAC) has been primarily focused on mergers with cryptocurrency and FinTech companies, according to a Friday (Dec. 9) press release.  “The company anticipates that the company cannot consummate an...

Stablecoin Issuer Circle Delays Planned IPO
Cryptocurrency // December 05, 2022

Digital currency firm Circle Internet Financial’s plans to go public have been delayed. The issuer of the USD Coin (USDC) and Euro Coin (EUROC) and publicly traded special purpose acquisition company (SPAC) Concord Acquisition Corp have mutually agreed to end their proposed business combination, the...

Quick Reads
Saxo Bank Weighs Sale After SPAC Collapses

April 16, 2024
Saxo Bank is reportedly pursuing a possible sale following an ill-fated attempt to go public. The Danish bank, which offers digital investment and trading services, recently invited investment bankers to audition for advisory roles in a possible sale, sources told Reuters in a report published Tuesday (April 18). Two of the four sources cited in the Reuters […]

Mortgage Lender Better.com Plans SPAC Listing

August 13, 2023
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...

Crypto 1 Acquisition to Liquidate 12 Months After $230M IPO 

December 09, 2022
Crypto 1 Acquisition Corp. plans to dissolve and liquidate by Dec. 19.  The special purpose acquisition company (SPAC) has been primarily focused on mergers with cryptocurrency and FinTech companies, according to...

Stablecoin Issuer Circle Delays Planned IPO

December 05, 2022
Digital currency firm Circle Internet Financial’s plans to go public have been delayed. The issuer of the USD Coin (USDC) and Euro Coin (EUROC) and publicly traded special purpose acquisition...